It was announced that Ukraine is not going to introduce restrictions on grain exports and that the total MY 2014/15 grain export volume may reach 33 MMT. Meanwhile, the Russian grain market was quiet due to the holidays as prices decreased. Russian Grain Markets Market Trends: 5-9January 2014 The past week on the Russian grain market was somewhat quiet and not actually focused on business due to the holidays. As the new wheat export duty is scheduled to go into effect soon, the RUB continues to fluctuate. While those in the market awaited the USDA forecast, prices decreased. GEOGRAPHICALLY: 3rd grade soft milling wheat prices decreased in Siberia and Volga Valley (-$2.50-3.80/MT) as well as Central and Black Soil (-$1.20/MT). The...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
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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.