Due to rising concern among buyers, limited offer from sellers and rumors about the poor condition of winter crops, prices on the Russian domestic market increased between 27-31 October. Russian Grain Markets Harvest Update The Russian Ministry of Agriculture reported that as of 31 October, 108 MMT of grains and leguminous crops had been harvested on 43.3 million hectares (96.1 percent of the target). Included were 61.5 MMT of wheat (2.61 MT/hectare), 21 MMT of barley (2.35 MT/hectare), and 9.8 MMT of corn (4.53 MT/hectare). There were also 8.2 MMT of sunflower seed produced from 5.7 million hectares (1.43 MT/hectare) and 2.3 MMT of soybeans from 1.7 million hectares (1.36 MT/hectare). Market Trends: 27-31 October 2014 Due to rising co...
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.