Russian Grain Markets: 10-14 May 2021 Corn, barley, and wheat prices on the domestic market continued to grow while rye prices decreased. Apart from the global trends, there’s a domestic factor that contributed to the price growth: colder weather conditions 2021 resulting in delayed harvesting and processors accumulating larger stocks of grain than previous years. Meanwhile, export milling wheat average price decreased to $274/MT FOB Black Sea. The average purchase prices grew to RUB 15,500/MT CPT-port Black Sea. Feed barley average export price decreased to $242/MT FOB Black Sea, the average purchase price grew to RUB 16,200/MT. Feed corn average export price decreased to $278/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft...
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...
From WPI Consulting
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.