For the moment, the trend of increasing quality that was observed in the Bulgarian and Romanian wheat crop during the past five years will be reversed as farmers are using a higher volume of quality seeds and more fertilizers and pesticides every year. Milling Wheat The Black Sea market once again remained nearly unchanged last week without any major trades reported. Weather conditions in southern Russia and Ukraine are generally favorable for wheat development. The new crop is not trading as actively as it usually does this time of the year.The EU allocated 130,000 MT of wheat export licenses last week. This brings the total to 25.2 MMT versus 17.1 MMT allocated at the same time last year.The Bulgarian and Romanian market is very quiet a...
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.