Russian Grain Markets: 9–13 October 2023 After weeks and weeks of bearish sentiments the market is finally coming to relative stability because farmers can afford to sit on their stocks, and most of the multinational trades are not currently doing business in Russia. Local old and new oligarch fed grain trading businesses are not prepared to pay a better price, believing that they have a monopoly in many different regions of the country and monopolized some river and sea trade as well. This trend is continuing as those multinational companies which left Russia are being replaced by Russian “partners”. Russian traders are complaining about cheap grain from Ukraine which is true as farmers in Ukraine have little choi...
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.