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: Record biofuel demand continues to support soyoil values, as EIA data show that May soyoil usage as a biofuel feedstock reached a record 1.434 billion pounds. The latest data reinforces the strength of renewable fuel demand and helps explain ongoing investment in a...
Key Takeaways: Soyoil consumption as a biofuel feedstock climbed to a record 1.434 billion pounds in May, setting a new all-time monthly high. Improved 45Z policy clarity in February 2026 has supported stronger soyoil demand from the biofuel sector by providing producers with greater certainty...
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.