Russian Grain Markets: 26–30 June 2023 Russian Grain Union is estimating the Russian grain crop at 130-140 MMT and export potential at 55 MMT. The Union is not expecting a record crop again and is estimating a 10 percent decline. A pessimistic scenario discussed by some domestic analysts shows 120 MMT of grains and 78 MMT of wheat, others predict 87 MMT of wheat. Wheat During 2022, Russia produced a record 157.7 MMT of grains of which 104.2 MMT was wheat. Preliminary estimates of 2022/23 grain exports totaled 61.8 MMT. Ninety-three percent of winter wheat is reported in good condition, however in certain areas winter wheat was replanted. Spring wheat planting showed 13.8 Mha which is very close to a 12-year record and is up...
The corn and soy complex closed higher, with the wheat market mixed, as winter wheat closed up but spring wheat and livestock ended lower. Part of the strength for corn and soybeans may have been a weather premium, as crop planting has started out fast but warm weather has been slow to develop...
Reflect for a moment on what you eat. There is a lot of advice out there in the ether about what you should eat, but really, what do you currently eat and how much? The good people at the USDA have some data for you, to help you answer that question. USDA says that we eat quite a bit of meat. L...
WPI recently completed an expansion of our methodology for estimating and forecasting U.S. and global soybean crushing margins. The new approach incorporates the energy market’s expanding influence on the oilseed sector and the structural changes in global biofuel demand. This report is i...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.