Prices grew everywhere on the Russian market with active buying and selling at the week's beginning, but business then practically came to a halt by its end. This was all influenced by changes in the domestic currency. Russian Grain Markets Harvest Update Over 71 MMT of grain were harvested from 26.7 million hectares (56.8 percent of the target) as of 31 August 2015 compared with 75.3 MMT in 2014. This included 48.7 MMT of winter and spring wheat from16.2 million hectares (60.1 percent of the target) and 14.2 MMT of winter and spring barley from 6 million hectares (67 percent of the target). 474,900 MT of rapeseed were also harvested from 268,700 hectares (25.9 percent of the target). Planting Update Winter crops were planted on 2.9 mi...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.