Milling Wheat The Black Sea market was firmer last week as offers for Russian 12.5 pro were difficult to find below $215/MT FOB. The Russia-U.S. tensions have pressured the ruble, which fell about 10 percent in one week. Consequently, domestic prices moved up sharply (in RUB expression), rising about 500 rubles ($8.00) in southern Russia (close to the ports) last week. Despite the higher prices, farmers’ selling remained slow as they certainly prefer to keep their wheat as a protection in case the ruble collapses. The new crop is developing under generally favorable conditions in Eastern Europe. The average trade estimates are around 80 MMT for the Russian crop and 26 MMT for the Ukrainian crop versus 84 MMT and 25 MMT, respectively...
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...
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Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.