The Black Sea market was active last week as a significant volume of Russian wheat changed hands. A majority of the trades were between multinational trading houses with some covering short positions and others taking profits. Milling Wheat The Black Sea market was active last week as a significant volume of Russian wheat changed hands. A majority of the trades were between multinational trading houses with some covering short positions and others taking profits. Russia's farmers have not yet started to actively sell the new crop. The harvest in the country's southern region is delayed by 10-15 days due to the rains during the second half of June. The Russian 12.5 percent protein wheat traded in a wide price range last week following the...
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.