Russian Grains Markets: 30 May – 3 June 2022 Russian markets remained bearish, however in certain geographical areas prices were stagnant where sellers are playing a wait and see game. Interestingly, in Siberia wheat depreciated dramatically. In the export market, better margins are attractive and recent tenders show that Russia is winning and winning with quite a high price. Specifically, GASC tender bought a new crop at $480/MT C&F. However, sellers are taking a risk as they have no idea what the export duty will be at the moment of export. In addition, local currency is quite strong which can hit the grain trader with a currency exchange fluctuation. Part of the margin can be in the difference between the ruble and the dollar...
CORN Argentina In Argentina, after several weeks of intense and frequent rainfall, weather conditions have improved, with clear days, dry cold, and wind supporting both soil and grain drying. Harvest activity has resumed; however, producers continue to prioritize soybeans, limiting progress in...
Update for 6 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where ob...
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...
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.