The EU allocated 85,000 MT of “zero duty” import licenses for Ukrainian wheat, leaving a balance of only 140,000 MT under that quota for the rest of the calendar year. The remaining licenses will certainly be taken shortly as Ukrainian origin (without levy) is competitive versus others as well as against corn in Spain. Milling Wheat The Black Sea market is firmer due to slow farmer selling as well as the uptrend in MATIF and CBOT. The Russian ruble is approximately 3 percent higher than last Monday, which complicates the origination.The EU allocated 735,000 MT of wheat export licenses last week, bringing the total to 20.1 MMT versus 23.7 MMT at the same time last year.The Egyptian GASC purchased 240,000 MT last week at the average price o...
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.