The Black Sea market remains under pressure as demand is on an "as-needed basis" with buyers in the major destinations reluctant to cover their needs for forward positions at current prices. Milling Wheat The Black Sea market remains under pressure as demand is on an "as-needed basis" with buyers in the major destinations reluctant to cover their needs for forward positions at current prices.Egypt's GASC bought 115,000 MT of Ukrainian wheat and 60,000 MT of Russian origin at an average price of $194.74/MT. The lowest offer for French wheat was approximately $18/MT higher on a CNF basis. Additionally, that wheat also had 13.5 percent moisture, but GASC requires a maximum 13 percent.The EU allocated 349,000 MT of wheat export licenses, brin...
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.