Russian Grain Market: 3 July – 9 July 2013 Harvesting Updates According to the Russian Federation's Ministry of Agriculture, as of 3 July grain crops were harvested on 2.7 million hectares. The volume of the grain produced was 9.7 MMT, with the average yield 3.56 MT/hectare. Specifically, wheat was harvested on 2.2 million hectares (7.7 MMT produced with the average yield 3.49 MT/hectare) and barley was harvested on 346,900 hectares (the average yield 4.43 MT/hectare). Market Trends 1–5 July 2013 Prices dropped significantly with the beginning of the new season. GEOGRAPHICALLY 3rd grade and 4th grade soft milling wheat prices for 2012 wheat decreased sharply in European Russia due to the growing volumes of the new harvest grain on...
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.