Regional News Ukraine increased its forecast of area to be sown to spring crops to 13.4 Mha, which would be down 3.5 Mha from 2021. The latest forecast is well above earlier statements from Ukraine’s ag minister that indicated spring plantings could fall to 7 Mha. Russia announced a quota for sunflower oil exports of 1.5 MMT and sunflower meal of 0.7 MMT through 31 August 2022. Russia will also ban the export of sunflower seeds and rapeseed from 1 April through 31 August 2022. A Russian ally of President Putin said Russia’s grain supplies could be limited to “friendly” countries only amid Western nation sanctions. In 2021, Russia exported 90 percent of its wheat to countries currently considered...
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.