Russian Grain Markets: 5-9 November 2012 Export Updates Last month Russia exported 350,037 MT of barley, down 1.5 percent from October 2011. Of that amount, 61 percent was sold to Saudi Arabia and 31 percent went to Iran, the second-largest importer of Russian Barley.Russia also exported 340,410 MT of corn in October, twice as much as the exported volume in September 2012 or in October 2011. The largest buyer was Turkey, with 34 percent of total Russian corn exports, and the second-largest importer was Germany, with 14 percent. Italy came in third with a 9 percent share. Grain Market Interventions The intervention fund put up 64,935 MT of grains for exchange trading on 13 November, including: 52,515 MT of third grade wheat and 12,420...
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.