Russian Grain Markets: 4–8 December 2023 As of 8 December, the Russian government reports the wheat crop at 95 MMT in bunker weight versus 105.6 MMT a year ago. The information from the Ministry is delayed and is usually adjusted several times. Wheat was reportedly harvested from 29.1 Mha versus 29.3 Mha in 2022 (averaging 3.27 MT/ha versus 3.61 MT/ha). Barley was harvested from 7.8 Mha versus 8 Mha producing 22.1 MMT versus 24.5 MMT, averaging 2.82 MT/ha versus 3.09 MT/ha. Corn was harvested from 2.2 Mha versus 2.1 Mha producing 15.8 MMT versus 12.7 MMT, averaging 7.23 MT/ha versus 6.0 MT/ha. During the first week of December, domestic markets went into a temporary stagnation phase. It’s no wonder as Russia’s grains sto...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
Key Takeaways: The tariff burden rose sharply in 2025 and 2026: the effective rate on imports in HTS Chapters 1–24 increased from 1.53 percent in 2024 to 6.11 percent in 2025, before averaging 5.68 percent in January–August 2026. Headline rates tell only part of the story: exemptio...
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.