According to Rusagrotrans, 1.52 MMT of grain will be shipped from Russian seaports during November, a drop from the 1.7 MMT previously forecast and less than the 1.653 MMT in October. Russian Grain Markets Harvest Update 108.1 MMT of grain (in bulk weight) were harvested from 43.9 million hectares (99 percent of the target) as of 24 November 2015 compared with 110.1 MMT from 43.8 million hectares as of the same date a year ago. Specifically, 63.9 MMT of winter and spring wheat were produced from 25.5 million hectares (99.8 percent of the target) as were 18.3 MMT of barley from 8.2 million hectares (99.9 percent of the target) and 12.4 MMT of corn from 2.4 million hectares (88.5 percent of the target). Also harvested were 9.4 MMT of sunfl...
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...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.