Wheat Procurement Starts; New Crop Quality Issues Unseasonal rains across the wheat belt (north India) in the last week have somewhat damaged the crop, which is ready for harvest. In those areas where harvesting has begun, the stock arrivals at market yards have been similarly impacted by rainfall and also hailstorms. Meanwhile, the meteorological department is forecasting more rains in the coming weeks. Damage has been reported in parts of Punjab, Haryana and Uttar Pradesh, states where the wheat is sown late. In Himachal Pradesh, the crop was so flattened by hail and high velocity winds that it may not be harvested and instead left to be eaten by pests. According to available data, 3.294 MMT were procured in the first 12 days of the sea...
Russian Grain Markets: 22-26 June 2026 The Russian grain market remained volatile during the week as farmers continued to hold old-crop supplies while new-crop availability remained limited. The ruble weakened nearly 5 percent against the U.S. dollar during the week, supporting domestic grain p...
What You Need to Know Today: The surprises from the USDA’s Acreage report were a sharp reduction in winter wheat area from the March Prospective Plantings estimates and a larger-than-expected increase in corn area. The Grain Stocks report offered relatively few surprises, but quarterly d...
Mediterranean/Middle East/North Africa/Africa – MEA Region Oman Flour Mills has begun its 2026 purchases of locally produced wheat. The mill runs a government-supported program that it says strengthens the country’s food supply. The program is said to “improve farming practice...
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.