Regional News Tunisia purchased 75 KMT of soft wheat at prices of $233.25-329.90/MT C&F along with 50 KMT of hard wheat at $383.93-384.48/MT C&F for May delivery. Jordan purchased 60 KMT of feed barley from an unspecified origin at $232.95/MT C&F. Morocco plans to import 5 MMT of soft wheat in its new season, due the impact of reduced acreage of just 2.3 Mha. Milling Wheat EU wheat markets have seen less volatility than the Chicago market, despite expectations of a smaller EU wheat crop this year. Paris futures were mostly sideways last week while French cash prices saw some strength on export demand and German values declined slightly. Russian export prices rose for the third straight week las...
What You Need to Know Today: Iran says its definition of the Strait of Hormuz is now a “vast operation area” that stretches from Jask to Siri Island. The White House said President Trump did not sign a suspension of the TRQs on beef imports but is “finalizing potential...
If the media headlines and Trump critics are to be believed, President Trump is headed to Beijing this Thursday in a weakened position. China is in control, it has the upper hand, and expectations are very low. These are the same critics that argue against overly simplistic zero-sum analyses in...
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.