Russian grain prices once again fluctuated insignificantly in RUB expression, but they decreased in USD expression as the ruble continued to weaken. Meanwhile, the country's grain exports are up slightly in MY 2016/17, although Ukraine's are higher. Russian Grain Markets Market Trends: 19-23 June 2017 Prices once again fluctuated insignificantly in RUB expression, but they decreased in USD expression due to the weaker ruble. While the grain traded is from the 2016 harvest, the market is ready for 2017 production. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in the South (-$1.20/MT) as well as Siberia and Ural (+$0.20-0.30/MT) and decreased in Central (-$0.40/MT). However, they were stable in Black Soil and Volga Valley.4th g...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt’s Ministry of Supply reports that it will begin the sale of imported wheat through the Egyptian Mercantile Exchange. Sales are expected to be mainly to private-sector flour mills and are intended to stabilize wheat and...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.