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...
What You Need to Know Today: The Personal Consumption Expenditures Index (PCE) rose 4.1 percent year-over-year, in line with expectations. Core PCE, which excludes volatile energy and food prices, rose 3.4 percent year-over-year, also in line with expectations. Bayer secured a favorable Suprem...
Key Market Insights Outside markets dominated today’s session. Crude oil traded below $70 per barrel, the U.S. dollar climbed to a 13-month high, and both gold and silver posted sharp declines as traders increased expectations for additional Federal Reserve rate hikes. At the same time, t...
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.