Regional News Ukraine’s winter crop planting effort is 11 percent complete with 585.6 thousand hectares seeded so far. Overnight, Russia launched another missile attack on Ukraine’s Odesa region, which damaged several near-port granaries and the under-construction Odesa sea station. Milling Wheat European and world wheat values were weaker last week and remain on the defensive so far Monday with sluggish demand and stiff competition from Russia and, increasingly, Ukraine. Egypt’s latest tender showed that southern EU wheat values are now below Russian offers, or at least the Russian government’s artificial price floor for wheat sales. Despite this, EU values have not seen much of a r...
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.