Ukroliyaprom, the Ukrainian oil industry association, has forecast the country's MY 2015/16 oilseed harvest at 17.195 MMT, a 6.3 percent increase compared with the 16.172 MMT produced in MY 2014/15. Russian Grain Markets Planting Update Spring crops were planted on 44.7 million hectares (86.3 percent of the target) as of 1 June 2015. This included grain crops on 27.2 million hectares (87.7 percent of the target). Spring wheat was planted on 11.5 million hectares (87 percent of the target), spring barley on 7.2 million hectares (88.1 percent of the target) and corn on 2.6 million hectares (93.7 percent of the target). Sunflowers were planted on 6.4 million hectares (97.3 percent of the target), spring rapeseed on 773,400 hectares (83.3 pe...
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.