Russian Grain Markets: 1–5 April 2024 The government has realized that taxing exportable wheat and barley at a high rate was not a good idea, especially with wheat stocks pushing the roof. Possibly the news about softer duties will improve prices for small grains. Corn duty is symbolic and has little influence on pricing if at all. Moreover, corn stocks are coming to an end and carryover most likely will be miniscule. It is a buyers’ market in Russia at the moment and as soon as there is demand there will be multiple offers which keep prices under control. Even the glorious pea business is no longer lucrative as prices softened as well. It is either that buyers lost their appetite for the moment or Ukraine is dumping peas on th...
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.