Russian Grain Markets: 18-22 July 2022 The major development was without a doubt the UN Agreement unblocking Ukrainian ports followed by Russian missiles bombing Odessa port. The agreement was made to help the world with food and to stabilize prices. That’s why the UN was involved in this agreement. Once it was signed, global prices immediately dropped but for how long? World prices are not cheap and the recent GASC tender hold on 21 July is proof. GASC purchased 640,000 MT of wheat of which 220,000 MT is from Russia. Prices ranged from $403-$405 C&F which is quite high. Sounds like Egypt fears the situation and potential global shortage of wheat so the next day the same GASC without a tender purchased another 120,000 MT of which...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
In agriculture and food processing, we think a lot about infrastructure: transportation and storage, processing and packaging, distribution and delivery. It is a physical system of roads, railroads, and rivers; concrete and steel storage; processing plants, warehouses, and machinery; and, event...
Key Takeaways: The Panama Canal’s draft restrictions and decreasing rainfall outlook are driving big moves in dry bulk markets this week. Panamax markets are sharply lower as the economics of moving freight across the Canal are deteriorating rapidly, leading to support in Supramax vessels...
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.