Regional Update Ukraine: Planting According to the Ministry of Agriculture, as of 24 March, in 11 regions of Ukraine, spring grains and oilseeds were planted on 150,000 ha out of 5.99 Mha planned (-1.689 Mha compared to the previous year). Specifically, spring wheat was planted on 22,500 ha (157,400 ha forecasted), spring barley was planted on 74,800 ha (1.037 Mha), spring rapeseed was planted on 1,600 ha (23,900 ha), sunflower seeds were planted on 2,200 ha (4.811 Mha), soybeans were planted on 2,000 ha (1.041 Mha). As for winter grains for 2022 harvest, according to the latest update, they were planted on 7.7 Mha including winter wheat (6.5 Mha) and winter barley (1 Mha). Winter rapeseed was planted on 1.024 Mha. Ukraine: P...
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...
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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.