Regional News Ukraine increased its forecast of area to be sown to spring crops to 13.4 Mha, which would be down 3.5 Mha from 2021. The latest forecast is well above earlier statements from Ukraine’s ag minister that indicated spring plantings could fall to 7 Mha. Russia announced a quota for sunflower oil exports of 1.5 MMT and sunflower meal of 0.7 MMT through 31 August 2022. Russia will also ban the export of sunflower seeds and rapeseed from 1 April through 31 August 2022. A Russian ally of President Putin said Russia’s grain supplies could be limited to “friendly” countries only amid Western nation sanctions. In 2021, Russia exported 90 percent of its wheat to countries currently considered...
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...
Dry bulk markets were volatile but ultimately steady this week with notable differences in rate developments across vessel classes. The Capesize sector, which led the recent rally in freight rates with its dramatic surge, pulled back slightly amid more cautious chartering activity, partic...
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
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.