Regional News Frosts in Russia’s central, southern, and Volga regions have halted spring planting efforts, which will likely contribute to lower yield potential this year. Russia has completed spring seeding on 16.9 Mha, or 30.2 percent of the planned area, so far. Some of these areas will need to be re-planted, however, due to the frost impacts. Egypt’s GASC purchased 73 KMT of sunseed oil and 29 KMT of soyoil in its latest vegoil tender. The sunseed oil was priced at $1,000/MT for June-July delivery while the soyoil sold for $994/MT for delivery during the same period. Ukraine’s spring planting effort is 61 percent finished with seeding 98 percent finished for wheat, 95 percent completed for barley,...
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.