The heat wave persisting across France and central Europe as well as other regions has strongly affected corn crops and impacted the volume that the EU will need to import in 2015/16. Milling Wheat The Black Sea market remained about unchanged last week. Because the Russian ruble has lost approximately 15 percent of its value against the USD within one month, the export tax has increased from zero to about $10/MT (based on the current market price for August shipment).Egypt's GASC purchased 120,000 MT of Russian wheat last week at $198.73/MT CNF ($187.94/MT FOB). The lowest offer for French wheat was $188.94/MT FOB.The EU allocated 372,000 MT of wheat export licenses last week, bringing the total to 2 MMT since the start of the new campai...
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.