New crop (July/August) feed wheat is offered at $170 FOB in Ukraine and Bulgaria. Bulgarian origin has a €12 advantage over the Ukrainian to EU destinations as the latter is subject to the import levy under the Tariff-Rate Quota (TRQ) and thus likely headed mainly to Southeast Asia. Milling Wheat The Black Sea market was quiet last week in the absence of farmer selling as the old crop export program from Russia and Ukraine is almost over. The available volume of old crop 12.5 pro Russian wheat is very limited, and that of the new crop (July/August) is offered at $180 FOB or about $15 discount to the old crop. The buyers/consumers are still reluctant to start buying new crop positions as they expect the harvest pressure to push prices sign...
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.