Regional News Ukraine’s 1 May grain stocks totaled 9.5 MMT in 2021, up 0.18 MMT from the same period in 2020. Notably, wheat stocks were up 8 percent, corn stocks up 4 percent, and barley down 37 percent (due to strong Chinese buying earlier in the year). Russia announced it expects its all-grain exports to hit 51 MMT in 2021/22, despite a smaller crop. The 2021 grain crop is pegged at 127.4 MMT, down from 133.5 MMT in 2020. The Russian ag ministry also said it plans to set a quota for the second half of each marketing year (1 January – 30 June) as well as suggest the government buy 3 MMT for its state-owned stocks. Milling Wheat European wheat markets followed the global trend of lower p...
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.