Regional News Last week, a vessel rammed a lock on the Moselle River in Germany, which led Euronext to suspend delivery at French delivery ports on the river for February 2025. The damage was sufficient that initial estimates cited “months” to repair the lock, but more recent news indicates a temporary lock may be opened up much sooner. Russia halted the shipment of two wheat cargoes to Syria over reported payment delays from the new regime. Ukraine offered to supply the grain to Syria instead and it is unknown whether the new Syrian government has accepted the offer.Kazakhstan’s wheat stocks totaled 17.1 MMT as of 1 December 2024, up from 12.3 MMT the prior year and with milling wheat comprising 14.93 MMT of that total. The count...
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.