Russian Grain Markets: 29 - 24 February 2023 Russia had one day off last week which was an Army Day. Although the business week was one day shorter it did not stop Russian grains, and especially wheat, from losing ground. With a record crop and winning several international tenders, export prices just followed the international trading and went down. On 22 February, GASC purchased 240,000 MT of Russian wheat only with delivery the first two weeks of April. The chosen trader is GrainFlower. This company is trading a lot of Russian wheat internationally as Russian domestic grain traders may have problems with financial transactions due to international sanctions. From the beginning of the season, Russia is setting a record...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.