Russian Grain Markets: 1-5 August 2022 Russia’s harvest campaign continues. As of the first week of August, reports show 56.5 MMT of grains harvested which is 8 MMT behind last year. Grains and legumes are harvested from 13.3 Mha which is 7 Mha behind last year at this time. Yields are much better this year showing 4.26 MT/ha versus 3.18 MT/ha. Specifically, wheat harvest progress shows 48.9 MMT which is in line with last year, however, wheat was harvested from 11 million ha versus 14.3 Mha a year ago. Barley harvest progress is 5.8 MMT versus 10.9 MMT, however, barley was harvested from 1.4 Mha versus 3.9 Mha. Barley yield is 4 MT versus 2.83 MT/ha a year ago. Russian Minister of Agriculture, Dmitriy Patrushev, is concerned that R...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.