Russian Grain Markets: 27–31 May 2024 Russia remains the focus of many world grain analysts as weather factors in Russia and Ukraine make global markets nervous and bullish. Futures markets reacted almost instantaneously while Russian markets only now realize the situation and all grains remain bullish. Several factors which support prices in Russia include India which may resume buying wheat after many years and Turkey exporting flour made from attractively priced Russian and Ukrainian wheat. Export markets remained hot and bullish while domestic markets cooled a little bit. This concerns only exportable commodities. Grains such as rye trade domestically and the market is stagnant and stable. Export duty levels for 5-11 June...
Key Market Insights Macros: Inflation isn’t cooling — it’s moving higher again. March PCE inflation (Personal Consumption Expenditures index — the Fed’s preferred measure of inflation) rose 0.7 percent month-over-month, pushing the annual rate to 3.5 percent, the h...
An amendment to the U.S. House farm bill, aiming to remove the Save Our Bacon Act language in Section 12006 that would have stripped language to prohibit California’s Proposition 12, Massachusetts’ Question 3, and up to 500 state agricultural laws across the country, was blocked by...
What Matters Today... Fed holds rates steady as inflation uncertainty tied to the Iran conflict pressures equities and supports broader commodity risk premia Biofuel demand accelerating globally, with U.S. imports of used cooking oil and strong soyoil demand reinforcing upside across the soy c...
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.