While most Ukrainian feed grain prices remained stable, feed barley and corn prices moved in different directions. However, Russian grain prices continued to drop (in RUB expression) for several reasons. Russian Grain Markets: 13-17 March 2017 Market Trends Prices continued to drop (in RUB expression) due to the approaching planting season, which spurs producers to sell their remaining stocks in order to make money for planting works. Another reason for this is strengthening of the ruble. The market was also shaken by news about the restriction on Turkish imports of Russian wheat and is awaiting more official information. GEOGRAPHICALLY 3rd grade soft milling wheat prices continued to decline in Black Soil and the South (-$0.20/MT), Ce...
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.