Russia's domestic grain prices dropped as they traditionally do at this time of year, supported by a higher average yield at this time, although corn prices grew notably in some regions. Meanwhile, there are indications that Ukraine's wheat this year is of a higher quality than in 2015. Russian Grain Markets Market Trends: 11-15 July 2016 Prices dropped as they traditionally do at this time of year, although corn prices grew notably in some regions. The downward trend was supported by a higher average grain yield of 4.18 MT/hectare, a 13.3 percent increase versus last year. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in the South (-$3/MT), Central (-$12.80/MT), Black Soil (-$11.20/MT), Volga Valley (-$7.10/MT) and Ural...
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.