Russian Grain and Oilseed Markets: 24 – 28 April 2023 Russia’s grain market remained bearish. Across the country, grains lost value except for Siberia which is still stable and even slightly bullish. However, Siberia is not going to maintain better prices as overall trends both globally and domestically are clearly bearish for the near term. Good prospects for new crop and low demand during the May holiday season will push prices further down. Farmers see that the bear is inevitable and are already prepared to sell for less… if they find a buyer. Export duties are going down, but this will not save the market from crashing, especially with a stronger RUB and an overall global bearish trend. Most likely the Russia...
What You Need to Know Today: The U.S. and Iran exchanged strikes, with the U.S. hitting Iranian bridges, energy sites, and military infrastructure. Iran launched a missile into Kuwait that damaged a desalination plant. Crude oil futures surged on heightened Middle East tensions, providing supp...
Key Takeaways: The EU heatwaves have coincided with key maize crop reproductive timing and featured high nighttime temperatures, a cruel two-sided blow to maize yields. France, much of western Europe, and Hungary have suffered the worst of the heat, with yield potential collapsing. WPI&r...
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.