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: 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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.