Russian Grain Market: 2-9 January 2012 GRAIN COMMODITIES AND FLOUR General Official Data on 2011 Harvest According to data provided by the Russian Statistics Committee, the harvest of grains and leguminous crops in 2011 amounted to 93.91 MMT. Therefore, Russia's 2011 harvest exceeded the previous year's harvest by 32.95 MMT, while planting areas grew only 0.9 percent (from 43.19 million hectares in 2010 to 43.57 million hectares in 2011). The yield changed dramatically from 1.41 MT/ha in 2010 to 2.16 MT/ha in 2011 on average.Last week, the New Year and Christmas holiday season in Russia continued. There was almost no activity in the domestic market and only exporters were active during this period. Southern regions of Russia, whe...
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.