The weekend moves by Western governments to remove Russia from the SWIFT international payment system have effectively ended grain trade from the Black Sea. Russian firms are no longer able to access credit or other financial services and traders are washing out any bookings of Russian grain. Concurrently, Ukraine’s navy planted mines around its seaports to prevent Russian vessels from landing, a move that further blocks any potential of grain exports from the country. Russia and Ukraine’s grain supplies are now inaccessible via the Black Sea, though Russian grain could continue to move into China. WPI estimates that Ukraine and Russia have, respectively, 8 and 6 MMT of wheat left to export through the 2021/22 campaign. Collecti...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
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.