Milling Wheat The Black Sea market remained about unchanged last week. The Ukrainian and Russian harvest is proceeding in favorable weather conditions. The reported export market trade volume was rather limited. The buyers/consumers in the major importing countries are buying at a slow pace as they see different origins of wheat competing at the same price levels.The EU allocated 367,000 MT of wheat export licenses last week and brought the accumulated total to 1.96 MMT since the start of the campaign.The Egyptian GASC purchased 60,000 MT of Romanian wheat at $251.35/MT and 60,000 MT of Ukrainian wheat at $250.50/MT. The GASC has already purchased 580,000 MT of Romanian wheat since the start of the new campaign.The Bulgarian and Romani...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
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.