The weather remained unstable in Romania and Bulgaria last week, impacting the harvest. Exporters in Bulgaria are only offering feed wheat at the moment as it is already clear that the majority of the surplus will not meet the export quality standards for milling wheat. Milling Wheat The Black Sea market was under pressure last week as the harvest continues to progress with reported yields that are higher than anticipated. The tragedy of the downed aircraft in Ukraine did not have any impact in the cash market.The EU allocated 151,000 MT of soft wheat export licenses, bringing the total to 501,000 MT since the start of the new campaign on 1 July.The Algerian state grain agency OAIC bought 810,000 MT of French wheat last week at -$268-269...
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.