Russian Grain Markets: 23-29 January 2013 Grain Market Interventions The intervention fund put up 64,928 MT of grains for exchange trading on 23 January 2013 and offered 62,228 of grains on 29 January 2013.As of 22 January, there have been 313 accredited participants during the course of the public commodity interventions. Since the beginning of these interventions in 2012, the public intervention fund has sold 1.507 MMT of grain on the stock exchange for a general sum of 12.54 billion Russian rubles. The State Intervention Fund had planned to start selling food rye on 29 January, but it was not offered during Tuesday's trade session. Deputy Ag Minister Dmitry Yuriev spoke of further grain intervention sales last week, saying that the f...
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.