Russia’s grain harvest will be the largest in 38 years which sent Russian grain prices were lower this week, adding competitive fuel to world markets. Ukraine’s grain markets were higher due to logistical problems. Russian Grain Markets: 31 October - 4 November 2016 Market Trends All grain prices on the Russian grain market were higher in Russian currency (except for milling wheat prices which remained stable) but decreased when converted to USD. GEOGRAPHICALLY 3rd grade soft milling wheat prices were stable in the Central and Black Soil regions and grew in the Southern region (+$1.4/MT), the Volga Valley (+$1.2/MT), the Ural region (+$0.7/MT), and in Siberia (+$1.0/MT).4th grade milling wheat prices were stable in the Black Soil regio...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
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.