In today’s Black Sea report, WPI’s analyst points out that Russia and Kazakhstan, and particularly Russia are supplanting Canada as a supplier of linseed. Russia previously produced around a half-million tons a year but is now nearing 2 MMT or half of global production. World production of linseed is just over 3 MMT and is expanding at about 3 percent per year, but trade is flat at around 2 MMT. Considering global oilseed production is around 900 MMT, it is a very minor oilseed and is used mainly for industrial purposes (paints, varnishes), though some envision it as a superfood or its fiber as a feed ingredient. China may be buying more Russian linseed, but the EU is the major importer, taking nearly half of all traded s...
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
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.