The president of the Russian Grain Union said Russia's current financial problems may negatively impact the planting of grains. Ukraine has planted early spring grains and leguminous crops on 90 percent of its target area as of 7 April 2014. Russian Grain Markets Planting Update Russian farmers planted spring grain crops on 1.9 million hectares (3.6 percent of the target) as of 8 April 2014. Market Trends: 31 March–4 April 2014 During the week in review, grain market prices continued to increase. GEOGRAPHICALLY: 3rd grade soft milling wheat prices kept rising in the South and Ural (+$6/MT), Central (+$6.50/MT), Volga Valley (+$4/MT), Black Soil (+$2.50/MT) and Siberia (+$9.40/MT).4th grade soft milling wheat prices continued to incre...
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.