The Egyptian GASC bought 120,000 MT of Romanian wheat and 55,000 MT of Ukrainian last week at an average price of $192.12 CNF. The prices offered are at least $5 above the replacement calculation, which means that sellers are continuing to factor a particular risk. Milling Wheat The Black Sea market remained supported last week in the absence of farmer selling. The winter wheat in Ukraine and southern Russia is developing under favorable conditions, and local analysts are raising their crop estimates.The EU allocated 1.15 MMT of wheat export licenses last week, bringing the total to 23.8 MMT versus 26.4 MMT last year. Because last week’s export volume was higher than expected. major European analysts have increased their wheat export esti...
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
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.