Approximately 63 MMT of grain may be harvested in Ukraine for MY 2014/15, which would be one of the largest in the country's history. Grain and port warehouses there were holding a total of 4.632 MMT of grains and oilseeds as of 4 July, or 15 percent of total storage capacity. Russian Grain Markets Harvest Updates As of 7 July, grains were harvested on 2.7 million hectares (5.9 percent of the target) and 9.9 MMT were produced. Included were 6.1 MMT of wheat (3.78 MT/hectare), 2 MMT of barley (3.7 MT/hectare) and other grains. Market Trends: 30 June – 4 July 2014 Market prices for the 2013 grains decreased in all regions. The 2014 harvest grain prices were formed mainly in Russia's southern regions. GEOGRAPHICALLY: 3rd grade and...
Key Takeaways: Dry bulk markets are mixed with Capesize rates seeing solid gains while Panamax values slipped on a growing tonnage list. Supramax and Handysize vessels were stronger, though all sectors remain vulnerable to the seasonal dip in rates through Q4 and into Q1. Falling water l...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
Key Takeaways: Expected growth in U.S. soybean crushing capacity and output, driven by biofuel demand, will increase domestic soymeal supplies, with production growth significantly outpacing demand. WPI forecasts soymeal production increasing from 65.8 million short tons in 2026/27 to 70.5 mil...
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.