Russian Grain Markets: 16-20 November 2020 The Russian domestic wheat prices decreased in some regions (mainly southern) due to a decrease in export prices and CPT-port prices and a stronger ruble. In other regions the price increases slowed down. Barley and corn prices kept growing as they did one week earlier. Meanwhile, export milling wheat average price decreased to $255/MT FOB Black Sea. The average purchase prices decreased to RUB 17,700-17,900 /MT. Feed barley average export price grew to $217/MT FOB Black Sea, while the average purchase price decreased to RUB 14,700/MT CPT-port Black Sea. New harvest feed corn average export price grew to $238/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased i...
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...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
Let’s return briefly to the fake meat hype cycle, now sitting somewhere in a dusty corner of your mind, not entirely forgotten. What happened to all those products, known as plant-based alternative proteins? They were supposed to be as good as real meat—cheaper, more environmentally...
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.