As of 16 May, Ukraine's grain exports totaled 30.5 MMT, 43.2 percent more than during the same period in the previous market year. Included were 8.8 MMT of wheat, 19.1 MMT of corn, 2.3 MMT of barley and 340,000 MT of other grain crops. Russian Grain Markets Planting Updates As of 20 May 2014, spring grain crops were planted on 21.8 million hectares (68.3 percent of the target). Included were 7.4 million hectares of spring wheat (56.1 percent), 7.1 million hectares of spring barley (82.2 percent) and2.3 million hectares of spring corn (88.3 percent).Sunflower seed was planted on 5.8 million hectares (83.4 percent), spring rapeseed on 685,600 hectares (62.9 percent) and soybeans on 932,000 hectares (55.1 percent). Market Trends: 12-16 May...
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.