Russian Grain Markets: 20-24 November 2017 Prices grew slightly in RUB expression, but they increased more significantly in USD expression due to strengthening of the ruble. GEOGRAPHICALLY 3rd grade soft milling wheat prices continued to rise in the European part (Central, Black Soil and Volga Valley) of Russia (+$0.80-1.00/MT), but they were stable in the Asian part (Siberia and Ural). 4th grade soft milling wheat prices were also higher in the European part of Russia (+$0.70/MT) and stable in the Asian part. 5th grade wheat prices increased in Central and Volga Valley (+1.00/MT) as well as Black Soil (+$0.70/MT), but they were steady in the South, Ural and Siberia. Feed barley prices grew in Central and Black Soil (+$1.50/MT) as wel...
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.