Russian Grain Markets: 20-26 March 2013 The intervention fund put up 64,950 MT of grain for exchange trading on 20 March and 64,953 MT of grain on 26 March.Since the beginning of the public grain interventions in 2012, the State Intervention Fund has sold 2.485 MMT of grains for total amount of RUR 21.049 billion. Market Trends: 18-22 March 2013 During the week in review, grain prices continued to fall. The sharpest decrease was registered in Siberia, partially because Kazakh wheat sold at $280/MT DAP border. GEOGRAPHICALLY: 3rd grade soft milling wheat prices plunged most dramatically in Siberia (-$13/MT). Prices also decreased in Central, Southern and Ural (-$10/MT), Black Soil (-$9/MT) and Volga Valley (-$7/MT).4th grade sof...
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
What You Need to Know Today: Harvest pressure in the U.S. sent corn and soybeans lower as supplies increased and there were signs USDA’s upward revisions to yields in the October WASDE could be close to right. The conflict between Russia and Ukraine escalated over the weekend, with Ukrai...
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.