The main reason for the high premium in Ukraine is that its corn has been accepted by all the major destinations as a reliable origin, and buyers are ready to pay almost the same price as they would for U.S. corn. Milling Wheat The Black Sea market is a little firmer as the recent sales to Egypt (Romanian and Russian origin) have lightened the trade's long positions for November and December shipment. The Russian wheat is offered at the same price as the French on a FOB basis, but it has a freight advantage to the East Med of about $7 basis for panamax execution. The Russian and Ukrainian weather is unusually mild for the season, which is favorable for the growth of the late-planted winter wheat.Last week, the Egyptian GASC purchased 120,...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.