The Russian Ministry of Agriculture reported that 23.088 MMT of grain had been exported as of 8 February and from the beginning of MY 2016/17, down slightly from a year ago. Meanwhile, an expansion in Ukraine's soy market capacity has been forecast. Russian Grain Markets Market Trends: 6-10 February 2017 The average price of milling rye grew significantly as that of barley increased only slightly, and those of corn as well as milling and feed wheat all fell. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in the South (-$1.40/MT) and Volga Valley (-$0.70/MT). However, there was no change in other regions.4th grade soft milling wheat prices were stable in Central, but they dropped in Black Soil and Ural (-$0.20-0.30/MT), th...
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...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
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.