Russian Grain Markets: 1–5 April 2024 The government has realized that taxing exportable wheat and barley at a high rate was not a good idea, especially with wheat stocks pushing the roof. Possibly the news about softer duties will improve prices for small grains. Corn duty is symbolic and has little influence on pricing if at all. Moreover, corn stocks are coming to an end and carryover most likely will be miniscule. It is a buyers’ market in Russia at the moment and as soon as there is demand there will be multiple offers which keep prices under control. Even the glorious pea business is no longer lucrative as prices softened as well. It is either that buyers lost their appetite for the moment or Ukraine is dumping peas on th...
The corn and soy complex closed higher, with the wheat market mixed, as winter wheat closed up but spring wheat and livestock ended lower. Part of the strength for corn and soybeans may have been a weather premium, as crop planting has started out fast but warm weather has been slow to develop...
Reflect for a moment on what you eat. There is a lot of advice out there in the ether about what you should eat, but really, what do you currently eat and how much? The good people at the USDA have some data for you, to help you answer that question. USDA says that we eat quite a bit of meat. L...
WPI recently completed an expansion of our methodology for estimating and forecasting U.S. and global soybean crushing margins. The new approach incorporates the energy market’s expanding influence on the oilseed sector and the structural changes in global biofuel demand. This report is i...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.