As of 20 August 2014 and from the beginning of MY 2014/15, Russia exported 5.857 MMT of grains (22.7 percent more than during the same period in the previous market year). Exports totaled 2.742 MMT during the 1-20 August period. Russian Grain Markets Harvest Update Russia's Ministry of Agriculture reported that 71.5 MMT of grains were harvested on 24.4 million hectares (52.3 percent of the target) as of 25 August. Included were 46.2 MMT of wheat (3.39 MT/hectare) and 15.9 MMT of barley (2.59 MT/hectare), etc. 676,500 MT of rapeseed were harvested on 381,100 hectares (1.78 MT/hectare). Market Trends: 18-22 August 2014 GEOGRAPHICALLY 3rd grade soft milling wheat prices were stable or increased at a slower rate than the previous week. Th...
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.