Russia's agriculture ministry is planning to buy 4-4.5 MMT during the grain market interventions in the second half of September. These purchases are intended to prevent any decreases of grain prices in a number of the country's regions. Russian Grain Markets Harvest Update Russia's Ministry of Agriculture reported that 75.3 MMT of grains were harvested on 26.6 million hectares (57.1 percent of the target) as of 1 September. Included were 47.9 MMT of wheat (3.27 MT/hectare) and 17.3 MMT of barley (2.52 MT/hectare), etc. 774,500 MT of rapeseed were harvested on 444,600 hectares (1.74 MT/hectare). Market Trends: 25-29 August 2014 GEOGRAPHICALLY 3rd grade soft milling wheat prices continued to increase in Central (+$3.60/MT), Black Soil...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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.