Russian Grain Markets: 31 July–4 August 2023 The Russian grain market was predominantly bearish except for corn and rye. Weak domestic currency remains one of the major factors. You would think that with higher global prices, export prices in Russian seaports and riverports would follow suit. But there is one but in Russia – export duties. The government is quick to apply export duties and traders are not able to follow the global trends as they must take into consideration a higher tax. This week was no exception. Russian wheat was chosen again for a 2 August GASC tender showing 300,000 MT at $250 FOB Black Sea. A rough estimate shows that this deal alone will give the Russian government around $9,000,000 in expor...
After spending much of the year searching for a reason to stay, the bulls suddenly have several. Grain markets have strengthened, wheat is leading the charge, outside markets are becoming more supportive, and geopolitical and weather risks are once again demanding attention. Does that mean the...
Key Takeaways: Cover crops are gaining adoption as farmers seek to improve soil health, reduce erosion, and build more resilient cropping systems. While cover crops do not provide immediate revenue, their long-term benefits include improved nutrient retention, water management, and soil produc...
The latest EIA data showed some interesting anomalies in the ethanol industry, changes that will have a material impact on the industry’s profits and corn consumption for 2025/26 and early 2026/27. The EIA reported that ethanol production fell 4.8 percent for the week ending 10 July...
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.