Milling Wheat The Black Sea market is firmer following the rally of U.S. and EU wheat. Despite the price increase, Russian and Ukrainian wheat remains the cheapest origin by far. The Russian government is expected to start buying wheat for the reserve stocks in the next few weeks. The current weather in southern Russia and Ukraine is disrupting the winter wheat plantings. Excessive rains are keeping farmers off the fields, and the plantings are significantly behind the normal schedule with only 50 percent of the intended area being planted so far. The optimal period for winter wheat planting expires in 10-20 days. Based on the current weather forecast, it seems unlikely that the accumulated planting delays will be recovered in the next...
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.