Regional News Ukraine is claiming that Russian forces have stolen “several hundred thousand tonnes” of grain from Ukrainian areas occupied by Russia. The news was reported by Ukraine’s deputy ag minister Taras Vysotskiy and matches what WPI’s in-country sources have reported for months now. Russia is known to have “commandeered” at least six ocean vessels full of Ukrainian grain as well as destroyed or captured between 10-15 percent of Ukraine’s grain storage capacity. EU all-wheat exports total 21.6 MMT so far in MY 2021/22, down from 22.4 MMT this time last year. Finnish energy company Neste noted it is postponing a decision on a new renewable fuel refinery in Rotterdam, Nethe...
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
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.