Russian Grain Markets: 27 November–1 December 2023 Russian markets finally broke the bear which has been present almost since the beginning of the new season. High quality milling wheat is unmistakably bullish; the main factor is a lower share of high-quality milling wheat even though wheat stocks are huge. The Siberian bull, however, is cooling down as Kazakhstan replenished its stocks which is unusual for Kazakhstan, traditionally an exporter not an importer. The main driver in European Russia is export demand plus the government’s announcement to begin a purchasing campaign 11 December. The Ministry of Agriculture is promising to increase the volume of intervention purchases to 2 MMT; this will support both prices and dome...
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...
Key Takeaways: Drought remains a major threat to global agricultural production, particularly in regions with limited rainfall and growing water scarcity. Commercially available drought-tolerant traits in corn, soybeans, and wheat have generally delivered modest yield improvements, limiting th...
Russian Grain Markets: 8-12 June 2026 The Russian grain market was highly volatile during the week. The export market, the primary driver of domestic prices, remained stagnant, and bearish sentiment persisted. Weaker demand and expectations for a strong upcoming harvest encouraged exporters to...
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.