The so-called global food crisis is first and foremost driven by the wheat market, where production has been under stress in major countries like Pakistan, India, Iraq and Morocco. Plus, the removal of Ukraine’s supply from the global market. Yet Russia’s production keeps edging upward, and the global stocks to use ratio was much lower prior to 2015/16. Still, leaders and reporters continue to refer to it as a crisis. The IGC makes note that the wheat market is “sensitive to the news” and keeping up the flow of crisis news is the UN, which now warns of danger if Russia reduces exports. There is no global food crisis, certainly not for rich countries, though it does impose hardship on poorer nations where food absorb...
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
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.