Ukrainian corn is offered at $165/MT FOB for December-February, which is roughly in line with U.S. stocks on a CNF basis to the main destinations in the Mediterranean. However, a different origin becomes the cheapest from March onward for all major destinations in Africa and Asia. Milling Wheat The Black Sea market was slightly weaker last week because of the growing competition from Argentina and Australia. The Argentine 12 pro wheat, offered at $165/MT FOB for December/January, is by far the cheapest origin for this quality. Rumors that the Russian government might limit the grain movement in the Krasnodar region due to the swine fever outbreak don’t seem to be of major concern to the market thus far. If such a restriction is impl...
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.