Milling Wheat The Black Sea market was about unchanged last week. There were no significant moves in the Russian domestic market, and the ruble was slightly weaker. Temperatures in central Russia remained very low, but there is enough snow on the ground to protect the wheat from freezing. Russia has already exported about 29 MMT so far in the current campaign, averaging approximately 3 MMT/month. The inverse between the old crop and new crop prices is about $10/MT versus $15/MT at the same time last year. The Egyptian GASC bought 120,000 MT of Russian wheat and 120,000 MT of Romanian in a tender last week, paying an average price of $233.07/MT CNF or about $2.50/MT more than in the previous tender. There were no offers for French wheat, a...
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...
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Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.