Bulgaria has been officially added to the list of potential suppliers in the GASC tenders, which is good news for the country’s milling wheat farmers. However, there is one challenge to any such sales. Milling Wheat The Black sea market remained quiet last week. The offers for Ukrainian and Russian 12.5 pro wheat in the FOB market are limited as the hryvna and ruble remained firm against the USD. Weather in Eastern Europe is generally favorable for winter wheat development.The EU allocated 969,000 MT of wheat export licenses last week, bringing the total to 22.2 MMT versus 25.5 at the same time last year.Bulgaria has been officially added to the list of potential suppliers in the GASC tenders, which is good news for the country’s milling...
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.