Russian Grain Market: 6-9 March 2012 GRAIN COMMODITIES AND FLOUR Planting SeasonAccording to the Russian ag minister, spring crops in the country will be planted on 50.8 million hectares, which is slightly more than the area planted in 2011. The total harvest is estimated at 90 MMT, the same as in 2011.The situation in the Russian domestic grain market changed last week. Exporters, the main buyers of Russian grain, either stopped buying or significantly reduced demand prices. Milling wheat demand prices were $973-1,000/MT CPT Black Sea port. Considering that Asov Sea ports and Don River ports are closed because of ice, this was the only chance for grain owners in the South to sell their goods. Besides, this level of price corresponds to...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.