The National Association of Exporters of Agricultural Products has requested that the Russian government cancel the wheat export duty midway through its effective period. Their arguments are based on several issues impacting the country's producers as well as exporters. Russian Grain Markets Planting Update As of 30 March 2015, spring grain crops were planted on 1.3 million hectares (2.4 percent of the target). Market Trends: 23-27 March 2015 Russian grain market prices continued to drop (in RUB expression) but at a slower rate than previously. GEOGRAPHICALLY: 3rd grade soft milling wheat prices continued to decrease, although at a slower rate, in Black Soil (-$3.80/MT), Siberia (-$3/MT), Central (-$1.70/MT), the South and Volga Vall...
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.