Feed wheat and feed barley FOB offer prices decreased in Ukraine but remained steady in other terms of trade. Meanwhile, milling wheat bid prices grew on the export market, although they otherwise remained stable. However, one factor may cause domestic prices to increase in the near future. Russian Grain Markets Market Trends 10-14 October 2016 Milling grain prices increased as those for feed grains continued to drop. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in Central and the South (+$1.50/MT), Black Soil, Volga Valley and Ural (+$1.80-2.00/MT), and Siberia (+$0.50/MT).4th grade milling wheat prices were stable in Central and Ural, but they increased in the South and Volga Valley (+$0.05/MT) while dropping in Black Soi...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.