Russian Grain Markets: 3-7 January 2022 The first week of January was holiday season, as usual, so it was impossible to register any changes on the Russian grain market. Due to the political situation in Kazakhstan, the Russian ruble got weaker and domestic prices expressed in U.S. dollar decreased. The prices expressed in the RUB remained unchanged (please see the table below for U.S. dollar price changes). Export milling wheat average offer price remained at $332/MT FOB Black Sea. Average purchase price grew to RUB 16,450/MT CPT-port Black Sea. Feed barley average export price grew to $288/MT FOB Black Sea; average purchase price decreased to RUB 14,600/MT. Feed corn average price remained unchanged at $272/MT FOB Black Sea while averag...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
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.