Rosselkhoznadzor, the Russian Federal Service for Veterinary and Phytosanitary Surveillance, wants to decrease the volume of grain exports by tightening quarantine and phytosanitary control. It has also requested a ban on shipments through offshore countries. Russian Grain Markets Market Trends: 24-28 November 2014 As the Russian ruble rate dropped, prices on the domestic grain market increased in RUB expression, but declined in USD expression. GEOGRAPHICALLY: 3rd grade soft milling wheat prices continued to grow in Central and Black Soil (+$7-8/MT), the South (+$9.10/MT), Ural (+$9.30/MT), Volga Valley and Siberia (+$4-5/MT).4th grade soft milling wheat prices also increased in Central and Volga Valley (+$6-6.20/MT), the South a...
What You Need to Know Today: Oil prices surged today following reports of tanker attacks off the coast of Saudi Arabia by Houthi rebels and renewed U.S. threats to escalate military strikes against Iran, heightening concerns over potential disruptions to Middle East energy supplies. Brent crud...
Key Takeaways: The latest UN data shows solid progress reducing global hunger and food insecurity. The geography of hunger-affected people has shifted substantially, however, and Africa is now the most affected region. To understand why hunger patterns have shifted and what policy option...
USDA’s monthly cattle on feed report for 1 July will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 102.2 percent of last year. Those estimates imply an on-feed inventory of 11.327 million head. If accurate, that would be the...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.