Russian Grain Markets: 25–27 September 2023 Bearish sentiments prevail as the harvest brings more and more grain to the market while exports are unable to cope with such large volumes and surpluses of wheat. There is a lack of competition on the buyer’s side as fewer and fewer multinationals are operating on Russia’s export market leading to lower prices. Farmers are trying to play a waiting game and hope for better prices, which may not happen overnight, especially with the continuous growth in export duties. The only exception on the Russian grain market is its Asian region where trading with Kazakhstan became the cash cow domestic farmers have been waiting for. With a smaller crop in Kazakhstan and duty-free tra...
What You Need to Know Today: End-of-month profit taking sent the CBOT broadly lower, though corn and soybeans managed to post small gains to continue their rallies. Turkey’s foreign ministry claimed to have a plan to ensure safe passage for both Ukrainian and Russian grain vessels via th...
Developer's Note 24 August 2026: WPI recently completed an exercise that updated the codebase for this app and solved some of the discrepancies between our five-year average calculation and USDA's. There are a few lingering cases where early (late) starts (finishes) to the crop cycle resu...
Key Takeaways: Corn and soybean prices rallied sharply last week as declining U.S. production expectations collided with strong demand, raising the prospect of tighter supplies and leaving the market with a smaller margin for further yield losses. The USDA’s lower August yield estimates...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.