Russia's rapeseed exports showed a notable change in MY 2016/17. Meanwhile, Ukrainian milling wheat prices began to fall, mainly because of the revised USDA forecast for world production. However, another contributing factor was related to the latest GASC tender. Russian Grain Markets: 14-18 August 2017 Market Trends Prices decreased at a higher rate than the week before. GEOGRAPHICALLY 3rd grade soft milling wheat prices fell in the South (-$4.20/MT), Central and Black Soil (-$2.20-2.40/MT), Volga Valley (-$5.00/MT), Ural (-$3.30/MT), and Siberia (-$0.70/MT).4th grade soft milling wheat prices dropped in Central and Siberia (-$2.50/MT), Black Soil and Volga Valley (-$3.30-3.50/MT), the South (-$7.00/MT), and Ural (-$5.30/MT).5th grade...
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.