Russian Grain Markets: 20 – 24 March 2023 Many grain prices plummeted, which is no big surprise considering the massive carryover stocks. The reasons are the same: high export duties (wheat export duty is already $71.18/MT), spring campaign planting, farmers’ desperate need for cash, and global bearish trends. Domestic currency is also a factor but to a lesser degree. If RUB appreciates this will make things even worse. Everybody on the market now realizes how huge the previous crop was. Russian Statistics Agency reported that wheat stocks in February were 17.3 MMT. Overall stocks of all grains and pulses are estimated at 28.8 MMT which is up 1.5 times from last year. One of the main reasons for the bearish mood on the g...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
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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.