Russia exported 3.9 MMT of corn as of 30 June and from the beginning of MY 2013/14, which is double the entire MY 2012/13 result. The largest importers were Turkey (23 percent) and South Korea (21 percent), followed by the Netherlands and Iran (9 percent each). Russian Grain Markets Harvest Updates As of 28 July, 43.6 MMT of grain were harvested on 12.7 million hectares (27.2 percent of the target). Included were 35.9 MMT of wheat (3.64 MT/hectare) and 3.8 MMT of barley (3.05 MT/hectare), etc. 367,200 MT of rapeseed were harvested on 222,300 hectares (1.65 MT/hectare). Market Trends: 21-25 July 2014 GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in Siberia (-$1.40/MT), Ural (-$12.50/MT), Central (-$21.80/MT), Volga Valle...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.