Because of the lack of rains, the condition of Russia’s winter crops worsened. Thus, the volume in weak condition grew to 25 percent compared with 16 percent as of the same date in 2014. Russian Grain Markets Harvest Update 106.4 MMT of grain (in bulk weight) were harvested from 43.7 million hectares (98.4 percent of the target) as of 2 November 2015 versus 108 MMT from 43.3 million hectares as of the same date a year ago. Specifically, 63.8 MMT of winter and spring wheat were produced from 25.5 million hectares (99.8 percent of the target) as were 18.2 MMT of barley from 8.2 million hectares (99.8 percent of the target) and 11 MMT of corn from 2.12 million hectares (78.5 percent of the target). Also harvested were 9.1 MMT of sunflower s...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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.