The uncertainty regarding the wheat export program from Ukraine and Russia in the upcoming months is a serious incentive for traders and consumers to increase their coverage. Milling Wheat The Black Sea wheat market was shaken by the news from Ukraine and Russia and is sharply up compared with last week. The uncertainty regarding the wheat export program from these countries in the upcoming months is a serious incentive for traders and consumers to increase their coverage.The EU allocated 932,000 MT of wheat export licenses last week, bringing the accumulated total to 20.2 MMT versus 13 MMT allocated at the same date last year.Egypt's GASC purchased 235,000 MT of Russian wheat and 60,000 MT of Romanian wheat last week at $289.25-293.15/MT...
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.