Poor weather is creating corn harvest delays in Ukraine and is pushing prices higher. Russian wheat prices were stable this week while corn prices continued to fall. Geographically 3rdgrade soft milling wheat prices were lower in Siberia (-$1.10/MT) and in the Ural region (-$0.90/MT), remained stable in the Central region, grew slightly in the Black Soil region (+$0.20/MT), in the Volga Valley region (+$1.30/MT), and in the Southern region (+$1.50/MT). 4th grade soft milling wheat prices decreased in Siberia (-$4.00/MT), the Ural region (-$2.40/MT), the Central region (-$0.60/MT), in the Volga Valley, and in the Black Soil regions (-$0.10-0.40/MT), but increased in the Southern region (+$0.90/MT). 5th grade wheat prices changed insignif...
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.