Russian Grain Markets: 26-30 September 2022 The Russian Ministry of Agriculture reported that as of 30 September wheat production showed 101.9 MMT of bunker weight wheat versus 74.5 MMT a year ago. The average wheat yield increased from 2.81 MT/ha to 3.61 MT/ha. Harvesting was complete on 28.2 Mha which is 95.8 percent of the grain crops. Barley was harvested from 7.7 Mha or 96.8 percent of the crop totaling 23.9 MMT versus 18.2 MMT. Corn was harvested from 353,700 ha or 12.4 percent of the crop totaling 2.05 MMT versus 2.96 MMT and averaging 5.8 MT/ha. Winter crop plantings covered 9.564 Mha versus 10.762 Mha a year ago. Last week, the market was finalizing adjustments to new crop price levels for all grains. Prices are slowly but stead...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.