Russian Grain Markets: 8-12 January 2018 Market activity was still slow, but average prices grew slightly in both RUB and USD expression due to strengthening of the ruble. On the export market, milling wheat prices rose $1/MT to $193/MT FOB Black Sea, but purchase prices at seaports decreased to $178-186/MT CPT-Black Sea port. The average feed barley price remained at $192/MT FOB Black Sea, and the average Black Sea CPT-port price increased to $186/MT. Meanwhile, average corn prices remained at $166/MT FOB Black Sea and $145/MT FOB Black Sea CPT-port. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in the South (-$0.20/MT), but they grew in Volga Valley (+$ 0.40/MT) and Central (+$1.30/MT) as well as Black Soil, Sib...
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.