Russian Grain Markets: 14–18 August 2023 Russian grain markets remained under the pressure of a good crop, higher freight rates, and ever-growing export duties. Since most of the pricing in country is based on the export marketplace in the Black Sea and Azov Sea, some regions are affected more and some, like Siberia, less. The ruble has fallen lower and lower during the past several weeks which in theory could help prices go up, but export duties are calculated in RUB. The process is well balanced, and the government is always on alert to nip a bull in the bud. Traders in the ports play a waiting game and are not in a hurry to increase their bids, especially when most of the multinational traders left the market and competitio...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.