Russian Grain Markets: 22–26 January 2024 The grain market could not withstand the pressure from stocks which remain high at this time of year. The export market has been driving this market for a while and intervention purchases did not save Russian farmers from the global bear. Moreover, growing export duties two weeks in a row will certainly not allow prices to grow let alone the relatively strong RUB. Intervention trading has reached 513,000 MT; however, this is a drop in the ocean compared to what is needed to reanimate a Russian bullish trend. In the near term, the market will remain bearish unless a miracle happens. In January, Russian wheat exports are lagging past year’s indicators. Particularly, expected expor...
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.