Russian Grain Markets: 11-15 April 2022 The Russian Ministry of Agriculture reported expectations that spring crops will be planted on 81.3 Mha of land, an increase of 1 Mha from last year. Agriculture Minister Dmitriy Patrushev expects the crop to reach 123 MMT, with wheat accounting for 80 MMT. Although sanctions are affecting the Russian agricultural sector, previously imported seeds, fertilizers, and chemicals should be sufficient for the spring planting campaign. This is especially true if China, one of Russia’s main trading partners in agricultural chemicals, keeps its doors open for economic cooperation. As of early April 2022, Russia planted 542,000 ha of spring crops and fertilized 6 Mha of winter crops. The Ministry is con...
What You Need to Know Today: Market attention is shifting toward Tuesday’s USDA WASDE report, with analysts anticipating a modest reduction in U.S. corn production estimates and an increase in soybean production. The report could provide fresh direction for grain markets as traders reass...
Key Takeaways: WPI’s forecasts call for physical U.S. soybean crushing margins to weaken over the next four months and average $4.44/bushel by late February, while CBOT futures margins should rise modestly to about $2.40/bushel. A key catalyst for this is the expectation that U.S...
Regional News Black Sea trade dynamics remain central to European wheat and corn pricing, with the reported 26 percent increase in Ukraine’s October grain shipments adding pressure to markets. Concurrently, markets are waiting for the scheduled trilateral peace talks between the U.S...
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.