The corn market in the Black Sea is under heavy pressure due to the strong competition from Brazil and Argentina. The price for new crop (October/November) lost more than $10 in two weeks. Milling Wheat The Black Sea market is under pressure because of increasing farmer selling and limited demand from the major destinations. The winter wheat harvest in Ukraine and southern Russia is approximately 70 percent completed with reported yields that are in line with expectations. However, the quality is slightly below last year's level in Russia and significantly lower in Ukraine where more than 60 percent of the harvested wheat is feed grade.Egypt's GASC purchased 175,000 MT of Russian wheat last week at an average price of $205.37/MT CNF or a...
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.