Egypt’s GASC bought 235,000 MT of Romanian, French and Russian wheat last week at an average price of $189.17/MT, approximately $1.50 cheaper than what they paid in the last tender about a month ago for Argentine wheat. Milling Wheat The Black Sea market is under pressure due to lack of demand. The Russian ruble continues to weaken against the USD, which additionally pressures the export market. Temperatures throughout Eastern Europe dropped to about -20˚C and below last week, but the winter crops were protected by an adequate snow cover. For the moment, winter weather is not causing any damage to crops there.Egypt’s GASC bought 235,000 MT of Romania, French and Russian wheat last week at an average price of $189.17/MT, approximately $1.5...
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.