Milling Wheat Wheat prices in the Black Sea remained about unchanged this week. The liquidity is shrinking as the offered volume is decreasing significantly. The EU allocated 376,000 MT of export licenses this week, bringing the total to 4.2 MMT since the start of the campaign.The weather in Bulgaria and Romania remains extremely dry. Farmers have planted about 70 percent of the intended wheat area. The optimal period for planting is until the end of October. The weather forecast is calling for scattered rains starting this weekend and continuing next week. The extent and the coverage of these rains may be crucial for wheat's development and final yields.Farmers' selling pace in Bulgaria increased this week. The wheat price has been stab...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.