Black Sea wheat prices are firming and offers in Ukraine are difficult to find while Russian prices have increased $10 in one month. Black Sea corn markets have been quiet and exporters are finding logistical challenges... Milling Wheat The market in the Black Sea is firming up steadily. Offers in Ukraine are difficult to find and the demand for Ukrainian wheat from India is still present. Russia’s domestic market is slightly firmer versus last week and the FOB price for Russian 12.5 pro wheat is $180 for November shipment; an increase of $10 in one month.The weather is turning cold in Eastern Europe with temperatures forecasted to drop to -10˚C in some areas. The winter is knocking at the door early this year versus the last 3 years. The...
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.