Milling Wheat The Black Sea market continued to stay about unchanged last week. Russian exports will reach close to 15 MMT for the first four months of the campaign, which is significantly more than last year. If that higher pace of exports is maintained in the coming months versus last year, the estimates of a total 32-33 MMT will no longer seem excessively optimistic. According to local analysts, 35 MMT are the absolute maximum if all the ports work at full capacity, taking into account the barley and corn export programs. Considering that the full capacity is difficult to achieve in winter months, 33 MMT seems to be a reasonable number without extreme adverse weather during that period. In an effort to support domestic prices, the Russi...
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.