Regional News Ukraine’s UGA grain traders’ union said it looks for the country’s wheat harvest to fall 45 percent to 18.2 MMT this year and that corn production could fall 38 percent to 23.1 MMT. A favorable shift in weather conditions will aid Ukraine’s newly-planted spring crops and likely aid in seeding additional area (where fuel restrictions and various implications of the war, like land mines, will allow). Russian farmers have seeded spring crops on 0.563 Mha so far, up from 0.36 Mha this time last year, aided by favorable weather. Since the end of November 2021, more than 13 million poultry birds have been culled in France due to bird flu outbreaks. Through 8 April, France has repor...
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.