World Perspectives
wheat

Russian Wheat Price Moves Lower

The consultancy Sovecon this week increased its estimate of the Russian wheat crop to 94.7 MMT. That is 7.6 percent more than USDA's guess at 88 MMT and if realized, it would be nearly 20 MMT larger than Russia’s 2021/22 wheat crop. An astounding level of increase. By contrast, the consultancy Agritel expects the French wheat crop to fall by 5.6 percent this year to 33.44 MMT. FranceAgriMer’s latest estimate calls for a crop of 32.9 MMT due to the adverse impacts of frost, drought and very high temperatures. Agritel also has a higher export estimate at 10.95 MMT. The company’s survey of industry indicates larger wheat exports due to less competition from Ukraine.  The question is whether Russia will present increased...

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Market Commentary: War Sustains Wheat; Corn Up Fifth Day

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Market Commentary: Plenty of Risk, Not Enough Conviction

Key Market Insights Markets aren’t trading fundamentals right now—they’re pricing risk. The Middle East remains the center of gravity, and the latest developments point to a situation that is not escalating—but not resolving either. That’s a difficult environment...

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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.

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