Russia’s rising agricultural commodity prices have prompted various export restraints and now there is an announced plan for increased production, of durum. Reportedly, no less than President Vladimir Putin is upset about the increase in pasta prices and his officials announced the new goal of doubling the nation’s pasta production by 2025. Doubling anything seems large unless it is from a small base. Russian durum production is just 2 percent of global production and less than 1 percent of the country’s total wheat output. It is amongst one of the smallest producers of durum at the same time it is the fourth largest overall producer of wheat and the world’s largest exporter. Importantly, climactically it is well su...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
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...
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.