Russian Grain Markets: 22-26 August 2022 Russia’s harvest continues with grain production, as of 25 August, at 78.9 MMT which is up 24.8 percent from last year (63.2 MMT). Overall grains and legumes were harvested from 27.6 Mha averaging 3.82 MT/ha producing 105.2 MMT of grains. Russian Ministry of Agriculture still forecasts grain production at 130 MMT. However, the Ministry is not announcing if this production includes occupied territories in Ukraine or not. Reportedly, several MMT of grains were already moved inside Russian territory from occupied areas of Donetsk, Luhansk, Zaporizhzhia, and Kherson. For the moment, grains harvested from these regions are being moved to Crimea – the shortest route to the operational s...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.