Russian Grain Markets: 3–7 June 2024 Russian grain markets remained stable and slightly bullish against solid demand for Russian wheat globally and recently appreciated markets due to fears of lower production caused by adverse spring weather. All Russian ministries, including the Ministry of Economy and the Ministry of Agriculture, are forecasting lower production of both oilseeds and grains. Not only is weather a factor behind lower production in Russia but also a lack of personnel because of the massive recruitment of soldiers to the war in Ukraine, and increased crop production costs. Various sources claim that the Russian crop which suffered frost damage will have to be replanted on between 600,000 ha and 900,000 ha. The...
What You Need to Know Today: Agricultural commodities were mostly lower on the day, with red-hot soyoil a notable exception. Export sales were a bit underwhelming, particularly for corn with export sales down 52 percent week-over-week. The weakness in ag markets tracked crude oil weakness wit...
With the war in Iran affecting fuel and fertilizer prices, higher tariffs, weak commodity prices, ag labor constraints, and other factors, farm bankruptcies are now at a 6-year high, a signal of growing stress. During the month of April, 62 Chapter 12 bankruptcies were filed, which is a 1...
WPI recently completed an expansion of our methodology for estimating and forecasting U.S. and global soybean crushing margins. The new approach incorporates the energy market’s expanding influence on the oilseed sector and the structural changes in global biofuel demand. This report is i...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.