World Perspectives
wheat

As Goes Russia, So Goes Wheat

In 2019/20 Russia will again be the world’s largest wheat exporter. This will be the third year in a row that Russia can claim that title. For those of us who can remember the 1970’s when individual sales of 1 MMT or more of U.S. wheat to the Soviet were not uncommon, this represents quite a change. In hindsight it should not be a total surprise. Russia has about 10 percent of the world’s arable land almost all of which is quite suitable for wheat production. The breakdown of the old and inefficient Soviet collective farm system paved the way for improved agronomic practices, higher quality seeds and private farm ownership and management. Russian farms range in size from small units to huge operations, all of which are fo...

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Summary of Futures

Mar 26 Corn closed at $4.24/bushel, up $0.0225 from yesterday's close.  Mar 26 Wheat closed at $5.155/bushel, up $0.0775 from yesterday's close.  Mar 26 Soybeans closed at $10.64/bushel, down $0.005 from yesterday's close.  Mar 26 Soymeal closed at $296.2/short ton, up $4.8 from...

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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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