World Perspectives

WPI Grain Transportation Report

Dry bulk markets are waiting to see how rates will react now that China’s Golden Week and South Korea’s holidays are both over. The Golden Week celebrations ended on Wednesday and, so far, dry bulk rates have not seen much upward movement. Panamax and Capesize vessels are slightly firmer, though those trends were in place before the holidays ended. Capesize values saw support from miners booking late October dates with typhoon activity near Indonesia and Japan limiting available vessel tonnage for the 1-14-day period. There were more inquiries for Capes from Brazil and West Africa for November dates, but little actual business done so far.  Panamax markets are firmer this week, primarily from support in the Atlantic market...

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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.

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