As of 31 March 2014, Ukraine has exported 27.351 MMT of grain from the beginning of the market year, and preliminary forecasts indicate the country's grain exports total may reach 33 MMT. Russian Grain Markets Planting update Russian farmers planted spring grain crops on 913,900 hectares (2.9 percent of the target) as of 31 March 2014. Market Trends: 24-28 March 2014 During the week in review, grain market prices continued to rise, although the RUB devaluation has ended. Wheat prices increased at a slower rate than the previous week, while corn price growth did not abate. GEOGRAPHICALLY: 3rd grade soft milling wheat prices continued to climb, but at a slower rate, in the South (+$2.80/MT), Black Soil (+$3.20/MT), Volga Valley, Centra...
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.