Egypt's GASC purchased 60,000 MT of French wheat last week at $189.20 CNF after receiving seven offers in total. The fact that the GASC preferred to buy just one cargo may indicate its import program has reached a certain status. Milling Wheat The Black Sea market was supported last week by the firmer ruble and hryvnia as well as the higher MATIF futures. Conditions in Ukraine and southern Russia are favorable for winter wheat development. The winterkill ratio in both countries is smaller than usual, and the soil moisture is generally adequate for this time of the year. The weather forecast is calling for frequent rainfall in Ukraine, but southern Russia is expecting only a few rains for the next two weeks.Ethiopia was in the market last...
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.