The EU allocated 505,000 MT of wheat export licenses last week, bringing the total to 21.3 MMT versus 20.8 MMT at the same time in 2014. At the current pace, the EU's exports will probably not exceed 30 MMT compared with last year's 29 MMT. Milling Wheat The Black Sea market is extremely quiet. Demand is difficult to find, and consumers are generally well-covered until the new crop. The harvest in North Africa usually starts in April. Russian and Ukrainian wheat (for limited volume) is now offered in line with the French and German origins. The market focus is shifting toward the new crop. The weather in Russia will be closely monitored during the coming weeks as the accumulated precipitation since the fall is well below the normal level...
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.