Russian businesses were mainly closed during their holiday period (31 December – 7 January) limiting activity on the Russian markets. Our in-depth analysis of those markets will resume next week. Russia: Grain and Oil Crops Export Update According to Rosselkhoznadzor, from the beginning of MY 2019-2020 - 24 December, Russia exported 21.2 MMT of wheat, 2.3 MMT of barley and 1.6 MMT of corn. As for oil crops, soybean exports amounted to 578,000 MT and sunflower seed exports were 440,000 MT. Sea exports: During 20-26 December, grain export from the seaports of Russia amounted to 708,000 MT, including 586,000 MT of wheat, 55,000 MT of barley and 66,000 MT of corn. The largest importers were Turkey (201,000 MT), Bangladesh (125,00...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.