Russian Grain Markets: 17-21 May 2021 Russian domestic grain markets did not see any major price shifts, and although the market continued to show bullish sentiments such bullish dynamics are not that dramatic. Rye and peas trading slowed down and therefore prices slowly but steadily rolled down. Domestic markets’ bullish behavior looks rather strange against world grain market bearish moves let alone local currency appreciation. It may be the bullish trend is about finished with one key reason being the beginning of a new marketing season, which in some countries begins in June. Until June, old stocks may be traded even at lower levels on the world market. On the other hand, Russian based traders who do exports are possibly specula...
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
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.