The new crop (August/September) Bulgarian feed wheat traded at around €146-€147 ($160-$161) FOB last week, but the offers have climbed to €149 today. The market in Spain traded at €154 CNF Spanish Mediterranean last Friday, although it is now difficult to find sellers to repeat that level. Milling Wheat The Black Sea market remained about unchanged last week. It’s easier to find offers for Ukrainian 11.5 percent protein than for Russian 12.5 percent. The Russian government seems to have abandoned the idea of amending the wheat export tax structure for now. The weather in both Russia and Ukraine is generally favorable for winter wheat development and the spring wheat plantings.Egypt’s GASC purchased 120,000 MT of Romanian wheat and 60,000...
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.