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: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
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.