Russian Grain Markets: 11–15 March 2024 Russian grain markets remained slightly bullish in the south and Volga valley. However, export prices did not react immediately despite a decreased export duty and weaker RUB. In fact, a weaker RUB is better for Russian grain exports which are at historic highs, but probably worse for the domestic farmers who still have last year’s crop in his yard. Mega farms though are living a different life and playing a game with subsidies and vertical integration is pushing small and medium farmers aside. Mega farms are only competing with a chosen few foreign grain traders as mega farms are both farms and export traders in Russia. The trend is clear – monopolization of most of the business fo...
What You Need to Know Today: CBOT markets pared Monday’s sharp losses as traders booked short profits and adjusted positions ahead of the Grain Stocks report that USDA will release Wednesday afternoon. The 7-day QPF forecast from NOAA now shows heavy rain across the central and western C...
Key Takeaways: Comparative advantage encourages countries to specialize in goods they can produce at a lower opportunity cost and rely on trade for others. Differences in climate, land, infrastructure, and technology help determine where agricultural commodities can be produced most efficientl...
Mediterranean/Middle East/North Africa/Africa – MEA Region Iran is reported to have completed its rail link from the border with Afghanistan to the Iranian port of Chabahar on the Gulf of Oman — the link is expected to be fully operational in early 2027. This will be Afghanistan&rsq...
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.