Russian Grain Markets: 6 - 10 February 2023 Russian domestic grain markets remained relatively stable. Feed wheat remains more expensive than barley, corn trading is animated and is slightly bullish on the domestic market but the key driver for corn demand is the export market. Export duties and RUB fluctuations will determine the future of domestic grain trading and as a result pricing. The government let the market know that there will be no more grain interventions in 2023 which means farmers are completely in the hands of the export market now. On 6 February, Ukraine won a GASC feed corn tender for 60,000 MT with February-March delivery which brings Russia’s chances for a bull in the near term even slimmer. Russian...
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...
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.