Regional News The weather across Europe remains broadly favorable for winter crop development this next week, except for continued heavy rains across Western France and Spain. The 8-14-day forecast returns to more normal rainfall and temperatures, however. The weather remains similarly favorable for the Black Sea, though modest dryness persists. Iran secured 380,000 MT of wheat from Russia and Germany last week. Russia, once again, is doubting the efficiency of the free market and is looking for ways to curb grain exports. Agricultural Minister Patrushev told a newspaper last week that the country is looking to find a mechanism that would restrict grain exports to only the estimated export surplus, under “certain condit...
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.