Russian Grain Markets: 23-28 May 2012 GRAINS AND PRODUCTS Planting Updates as of 23 May 2012
Grain Auction Results from 23-24 May 2012 Russia held another auction of grains from the intervention fund on 23 May; 70 companies took part in the event. A total 249,500 MT of grain from the 2008 and 2009 harvests were offered to the participants. The total volume of purchased grain was 99,623 MT, including 72,963 MT of 2008 harvest grain (about $12.9 million) and 26,660 MT of 2009 harvest grain (about $4.9 million). The total volume of grain sold from the intervention fund since the beginning of state commodity interventions as of 23 May was 1,826,000 MT.At the following grain auction on 24 May, 43 companies took part in trade. A total 108...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
