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: 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.