While oilseed prices in Russia showed growth on average in the past week, those in Ukraine exhibited a different pattern in both the domestic and export markets. Meanwhile, Russia's grain stocks are higher than a year ago as of 1 November, but its exports are down. Russian Grain Markets : 14-18 November 2016 Market Trends All prices continued to rise except for those of corn, which decreased. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in Central, Volga Valley and the South (+$0.70/MT), Black Soil (+$1.80/MT), Ural (+$1/MT) and Siberia (+$2.30/MT).4th grade soft milling wheat prices increased in Central and Volga Valley (+$0.60/MT), Black Soil and Siberia (+$1.30-1.40/MT), and the South and Ural (+$1.60/MT).5th grade millin...
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...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
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.