Farmers in Bulgaria and Romania will start planting corn in a few weeks. They will probably reduce that acreage after suffering from low yields during the past three years because of the summer drought, favoring instead a different crop that showed better returns. Milling Wheat The Black Sea market remained firm during the past two weeks due to slow farmer selling and strength of the Russian ruble. Domestic prices have started to weaken as they are $2-5 lower versus early February. However, the FOB market for Russian 12.5 percent protein wheat gained another $2 last week as logistics remain complicated under the winter conditions. Weather in Russia and Ukraine is not currently causing any significant concern. Temperatures in the region ar...
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.