Russia: Grain Export Update According to data provided by the Federal Customs Service of Russia, 26.595 MMT of grain were exported as of 27 December and from the beginning of MY 2017/18 versus 19.734 MMT as of the same date a year ago. This included 20.7 MMT of wheat, 3.382 MMT of barley and 2.227 MMT of corn. Russia: MY 2017/18 Grain Export Forecast Igor Pavenskiy, director of Rusagrotrans’ Analytical Center, forecast on 28 December that Russia’s grain exports in MY 2017/18 will total 49 MMT. The estimate was revised upward from the previous 48.1 MMT following analysis of the latest shipments. Russia: Grain Released from State Intervention Fund Reserve for Export On 23 December, the Russian government relea...
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
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.