Grain prices continued to drop overall (with the exception of milling wheat) at both the Russian and Ukrainian grain markets due to the strengthening local currencies. In Ukraine, lower export offer prices and larger offer were also factors in some instances. Russian Grain Markets Planting Update Spring crops were planted on 614,000 hectares (1.2 percent of the target) as of 14 March 2016. Market Trends: 7-11 March 2016 During the week in review, grain prices (except for milling wheat) continued to drop in RUB expression at the Russian market, although they mainly grew in USD expression due to strengthening of the ruble. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in Central (-$0.20/MT), Ural and Black Soil (-$0.60/M...
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...
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
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.