Russian Grain Markets: 21–25 August 2023 Russian grain markets remained under pressure from a good crop, however, export duties decreased to allow at least some bullish movement on the domestic market. The global prices are relatively stable, and exporters cannot afford to offer a much better premium. In fact, a recent GASC tender was a head-turner as Romanian wheat offers were quite low which means that Russia cannot expect an easy ride. Competition for GASC tenders will continue. Global wheat pricing is stable because of a good crop in the EU, Ukraine, and Russia and it is becoming more and more difficult for Russia to win international tenders as prices seem to have reached the peak for now. The spread between EU wheat and...
After spending much of the year searching for a reason to stay, the bulls suddenly have several. Grain markets have strengthened, wheat is leading the charge, outside markets are becoming more supportive, and geopolitical and weather risks are once again demanding attention. Does that mean the...
Key Takeaways: Cover crops are gaining adoption as farmers seek to improve soil health, reduce erosion, and build more resilient cropping systems. While cover crops do not provide immediate revenue, their long-term benefits include improved nutrient retention, water management, and soil produc...
The latest EIA data showed some interesting anomalies in the ethanol industry, changes that will have a material impact on the industry’s profits and corn consumption for 2025/26 and early 2026/27. The EIA reported that ethanol production fell 4.8 percent for the week ending 10 July...
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.