Market Sees Less Wheat Substituting for Corn Most Chinese feed plants recently have been decreasing wheat rations in feed because of wheat prices being increasingly higher than corn prices in the market. By the end of February, feed plants in southern China have lowered the wheat ration in feed to less than 10 percent from 20-30 percent last December. Additionally, with new corn put on the market since last October, most feed plants in northern China have stopped purchasing wheat in recent months.The wheat price is expected to be weak in March. In addition to fewer feed plants substituting wheat for corn, flour demand has been low after the Chinese New Year. In some regions, wheat purchasing price by flour plants dropped nearly $6.35/MT...
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
What You Need to Know Today: Harvest pressure in the U.S. sent corn and soybeans lower as supplies increased and there were signs USDA’s upward revisions to yields in the October WASDE could be close to right. The conflict between Russia and Ukraine escalated over the weekend, with Ukrai...
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.