Regional News Ukraine’s agricultural product exports to the EU rose 10 percent in the first seven months of 2021 compared to the same period in 2020. Since the start of MY 2021/22, Ukraine has exported 4.61 MMT of cereal grains, up 10 percent from the same period in 2020. Of that, 1.82 MMT of wheat have been shipped, along with 1.62 MMT of barley, and 1.15 MMT of corn. Ukraine’s government projects the country’s 2021/22 grain export program could total 56 MMT, including 20.7 MMT of wheat, 30.7 MMT of corn, and 4.1 MMT of barley. Rusia’s SovEcon lowered its assessment of the 2021 Russian wheat crop by 0.2 MMT to 76.2 due to persistently low yields. Milling Wheat Global wheat markets are re...
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.