The dry and cold weather in southern Russia is a serious concern for next year's wheat crop. Local analysts are estimating that it could decline 10-15 MMT from this year's 62 MMT. Milling Wheat The Black Sea market remains supported. The dry and cold weather in southern Russia is a serious concern for next year's wheat crop. Local analysts are estimating that it could decline 10-15 MMT from this year's 62 MMT. The market is nervous about possible export restrictions at the start of 2015.The EU allocated 518,000 MT of wheat export licenses, bringing the total to 12 MMT versus 11.2 MMT at the same time last year.The Bulgarian and Romanian market is very quiet as the farmer selling has slowed significantly. Farmers in the region usually sto...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
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.