Russian Grain Markets: 24 – 28 February 2025 During the last week of February, the market remained bullish with some regional deviations. Milling wheat remained bullish pulling up feed wheat and milling rye which is in short supply as well. And it is no wonder as during 2024 rye crop acreage dropped 20 percent down to 667,000 ha, producing barely 1.16 MMT versus 1.7 MMT in 2023. Feed corn is living its own life since there is no quota in the European part of Russia, we may not see any exports in the near term and therefore prices will be in the hands of the domestic feed industry and livestock operations. A stronger RUB is affecting prices on all fronts as export duties are being calculated in RUB. Trading in the ports can be done in...
What You Need to Know Today: Crude oil prices dropped sharply with traffic flowing through the Strait of Hormuz. There were reports that Iran was behind an attack on a cargo ship near the coast of Oman, which would be a violation of the memorandum of understanding between the U.S. and Iran. Pr...
On Wednesday, the White House submitted a national security supplemental spending request for $87.6 billion. The majority of the request includes funding for the conflict in the Middle East, but there are agricultural provisions as well. The supplemental funding package includes more than $11 b...
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.