Russian Grain Markets: 23-27 August 2021 Prices for grain crops (except corn) in the domestic Russian market followed last week’s trend and increased, this time both in the European and in the Asian parts of Russia. Corn prices fluctuated insignificantly. One of the main events of the past week was the significant increase of export duties, especially for wheat. During the tender held last week by GASC, Russian wheat was not competitive. Export milling wheat average price increased to $298/MT FOB Black Sea. Average purchase price decreased to RUB 16,600/MT CPT-port Black Sea. Feed barley average export price remained at $260/MT FOB Black Sea, average purchase price at RUB 15,500/MT. Feed corn average export price remained stable at $...
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
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.