Milling Wheat Some limited offers for Ukrainian and Russian wheat can still be found for December/January, but buyers are very reluctant because of the risks involved. The Ukrainian government still has not implemented an official export ban, but it is "advising" exporters to stop exporting wheat.The EU allocated 712,000 MT of wheat export licenses this week, bringing the total to 8 MMT versus 6.6 MMT allocated at the same time last year.The market in Romania and Bulgaria has been more active lately due to the shrinking liquidity in Ukraine and Russia. Egypt bought a cargo of Romanian wheat. Several cargoes of Bulgarian wheat have been shipped to the UAE (Dubai). As domestic prices are rising, the farmers are selling scale-up in order to...
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.