The Egyptian GASC bought 120,000 MT of Romanian wheat and 55,000 MT of Ukrainian last week at an average price of $192.12 CNF. The prices offered are at least $5 above the replacement calculation, which means that sellers are continuing to factor a particular risk. Milling Wheat The Black Sea market remained supported last week in the absence of farmer selling. The winter wheat in Ukraine and southern Russia is developing under favorable conditions, and local analysts are raising their crop estimates.The EU allocated 1.15 MMT of wheat export licenses last week, bringing the total to 23.8 MMT versus 26.4 MMT last year. Because last week’s export volume was higher than expected. major European analysts have increased their wheat export esti...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
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.