Russian Grain Market: October 2-6, 2023 Bearish sentiments prevailed as the market became volatile from a variety of factors. On the one hand, there are ample stocks, high export duties, and low export prices. On the other the global market should be reaching its bottom and soon begin recovering. What makes it more complicated to grain trading margins is the behavior of the Russian currency, which can play into the hand of the exporter during origination but then turn around and sting as export duties are now calculated in RUB and they are charged in RUB. So far, RUB was mostly bearish but forex can make or break a transaction if one is not careful. The Asian region where trading with Kazakhstan resumed and remains bullish. Siberian whe...
What You Need to Know Today: End-of-month profit taking sent the CBOT broadly lower, though corn and soybeans managed to post small gains to continue their rallies. Turkey’s foreign ministry claimed to have a plan to ensure safe passage for both Ukrainian and Russian grain vessels via th...
Developer's Note 24 August 2026: WPI recently completed an exercise that updated the codebase for this app and solved some of the discrepancies between our five-year average calculation and USDA's. There are a few lingering cases where early (late) starts (finishes) to the crop cycle resu...
Key Takeaways: Corn and soybean prices rallied sharply last week as declining U.S. production expectations collided with strong demand, raising the prospect of tighter supplies and leaving the market with a smaller margin for further yield losses. The USDA’s lower August yield estimates...
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.