The Russian Ministry of Agriculture lowered its 2015 grain production forecast from 100-103 MMT to 100-101 MMT. The export volume is estimated at 30 MMT. Russian Grain Markets Harvest Update 93.2 MMT of grain were harvested from 38.4 million hectares (81.7 percent of the target) as of 28 September 2015 compared with 96.1 MMT from 38 million hectares as of the same date a year ago. This specifically included 60.3 MMT of winter and spring wheat from 23.4 million hectares (87.1 percent of the target) and 17.3 MMT of winter and spring barley from 7.6 million hectares (85.3 percent of the target). Also produced were 4.2 MMT of corn from 833,100 hectares, 4.3 MMT of sunflower seed from 2.4 million hectares (35 percent of the target), 804,400 M...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
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.