Russian Grain Markets: 2-6 May 2022 Russian grain traders have continued to decrease their bids in the Black Sea and Azov Sea ports which are now 100 percent controlled by Russia. All Ukrainian ports are blocked and vessels loaded earlier cannot move any further. However, the main reason behind the bearish move is stronger Russian local currency and increased export duty. On the other hand, farmers need cash for planting, and they need to dump some of last year’s stocks as well. Exporters are playing a waiting game due to the quota (which some have already used up) and precontracted stocks. Russian inflation for 2022 is estimated at around 20 percent despite reassurances by the Central Bank governor Elvira Nabiullina that inflation...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.