The current offer of new crop (August 2015) Russian/Ukrainian 12.5 percent protein wheat is approximately $80/MT lower than the 2014 new crop offer at the same time last year. However, it is understandable why importers/consumers are not interested. Milling Wheat The Black Sea market is very quiet. Ukraine's exports are limited to about 150,000 MT per month, per the agreement signed between the government and major exporters. Russia is exporting 500,000 MT at maximum per month due to the high export tax. The new crop (August 2015) Russian/Ukrainian 12.5 percent protein wheat is offered at about $200/MT FOB or approximately $80/MT lower than the offers for the 2014 new crop at the same time last year. $200 seems historically inexpensive fo...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
Key Takeaways: Expected growth in U.S. soybean crushing capacity and output, driven by biofuel demand, will increase domestic soymeal supplies, with production growth significantly outpacing demand. WPI forecasts soymeal production increasing from 65.8 million short tons in 2026/27 to 70.5 mil...
Russian Grain Markets: 19–23 October 2026 The Russian grain market continued its recovery during the week, although prices remained volatile across regions. Wheat was notably bullish, while feed barley and corn were slower to appreciate, primarily because of weaker export demand amid logi...
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.