The sunflower seed harvest is about 85 percent completed in Romania and Bulgaria, and the price has rallied approximately $50 during the past three weeks. Milling Wheat The Black Sea market was firmer last week due to slow farmer selling. Russia has exported about 9 MMT of wheat during the first quarter of the campaign, approximately 1 MMT less than during the same period a year ago. Its export surplus is estimated at 23-24 MMT versus 21.5 MMT last year. Ukraine’s first quarter wheat exports reached 5.5 MMT out of a total export surplus of about 13 MMT. Considering that the first quarter exports in both countries are about 40 percent of the total surplus, the Black Sea price should rise relative to other origins in the coming weeks/months...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.