Regional News Europe’s weather is trending warm and dry for the next two weeks but that is only likely to aid crop development after a cool start to the growing season. Most of the region’s wheat and barely crops are in excellent condition while areas where maize is struggling will benefit from warmer temperatures. Eastern Europe and western Ukraine will remain dry this week while western Europe sees widespread showers. Rains return for nearly the entire continent next week, which will aid in refilling soil moisture. Milling Wheat World and European wheat markets are mostly lower to start the week after USDA raised its assessment of the 2021 global wheat crop last week. The agency increased world production...
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.