Russian Grain Markets: 16-22 January 2013 Grain Market Interventions The intervention fund put up 64,793 MT of grains for exchange trading on 16 January 2013 and offered an additional 64,976 MT of grains on 22 January 2013.As of 22 January, there have been 286 accredited participants during the course of the public commodity interventions. Since the beginning of these interventions in 2012, the public intervention fund has sold 1.384 MMT of grain on the stock exchange for a general sum of 11.447 billion Russian rubles.The epicenter of intervention fund selling was moved from Altai Krai to the Orenburgskaya oblast. According to experts, this was due to the gradual reduction of Siberian stocks. Since the start of 2013, grain prices at gra...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.