The Russian Grain Union announced that spring planting costs will rise at least 40 percent compared to 2014 because of certain other increasing expenses. Russian Grain Markets Market Trends: 9-13 February 2015 During the week in review, domestic wheat prices dropped as other grains prices slightly increased. GEOGRAPHICALLY: 3rd grade soft milling wheat prices decreased in Central (-$2.30/MT), Black Soil and the South (-$0.30-0.50/MT), Volga Valley (-$3.30/MT), Ural (-$2/MT) and Siberia (-$0.20/MT).4th grade soft milling wheat prices also went down in Central, the South and Black Soil (-$1-1.50/MT) as well as in Volga Valley and Ural (-$2/MT). They slightly increased in Siberia (+$0.20/MT).5th grade feed wheat prices declined in Central...
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.