Milling Wheat Ukraine announced a wheat export ban beginning 15 November. Since the start of the campaign, about 3.5 MMT have been exported from Ukraine. Wheat exports may reach 5 MMT by mid-November, which will be in line with the trade's expectations. Russian wheat is not competitive in the export market for November onwards positions.Winter wheat plantings in Ukraine and Russia are progressing quickly under favorable weather and soil moisture conditions. Only the Southern part of Ukraine remains too dry for the time being, but farmers in that region have another three or four weeks to complete the plantings.Algeria bought 400,000 MT of optional origin wheat this week and paid $355 CNF. Algeria traditionally buys French wheat, but sinc...
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.