Regional News Kazakhstan’s ban on feedstuffs including oats, rye and hay begins today, as announced in the 12 August 2021 order by the deputy Minister of Agriculture. The ban is in effect through 23 February 2022. Milling Wheat World physical wheat markets are mixed to start the week with the recent declines in Chicago and Paris wheat futures pressuring some markets. Black Sea offers continue to strengthen due to tightening Russian supplies amid worsening drought, declining spring wheat yields, and slow farmer selling in the country. Demand has recently become the key driver of EU wheat prices, with Romania’s recent competitiveness in international tenders supporting the EU market. French and German FOB offe...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
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.