Russian Grain Markets: 4 – 8 November 2024We have heard the voices from various sources forecasting a new grain crop in Russia and most of them differ in numbers. We will have to deal with terminology like bunker weight (straight from the combine) and standard weight (cleaned and dried accepted by the storage facility,) and geopolitical terms like “new regions”, occupied territories, and Crimea. Some include both and some include only certain territories.Russian Grain Union (RGU) downgraded the grain crop in standard weight not bunker weight to 126 MMT, reporting that 98 percent of the crop has been harvested. RGU forecasts export potential of Russia at 56 MMT of which 45 MMT is wheat. As of 1 November, Russia already exported 25.1 MMT whic...
Key Takeaways: Alabama and Louisiana have requested partial waivers of 2027 Renewable Fuel Standard (RFS) requirements, arguing that rising compliance costs are contributing to higher fuel prices and economic hardship. Louisiana Governor Jeff Landry is encouraging neighboring states to join th...
Russian Grain Markets: 2–6 November 2026 The Russian grain market remained relatively stable during the first week of November, although prices varied significantly by region. Prices were bearish in the Central, Black Soil and Southern Federal districts, while the Volga Valley, Urals and...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...
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.