Russian Grain Markets: 19 - 23 December 2022 Russian Ministry of Agriculture announced a record year-end grain production of 159.5 MMT in bunker weight which is up 32.6 MMT from 2021. The Ministry forecasts the final grain production number after dockage at 150 MMT with wheat production at 100 MMT. Corn production is estimated at 13.9 MMT which is down from 16.1 MMT in 2021. Some corn harvesting may be delayed until spring or late winter. During the last week of 2022, Russian grain markets remained stable because of low trading activity at the year’s end. Traditionally, Russian Orthodox Christmas is on 7 January and most companies are taking a Christmas break during the first ten days in January. The trend is unm...
What You Need to Know Today: Non-farm payrolls rose by 172,000 jobs in May, above economist expectations of 80,000 jobs. With the job market strong, the Fed may consider raising interest rates to tame inflation. The strong jobs report was a catalyst for lower risk appetite across financial and...
What You Need to Know Today: A case of New World Screwworm was detected in Texas, the first in the U.S. since 1966. With cases creeping closer to the U.S. border, it was only a matter of time. APHIS confirmed that larvae were detected in the umbilical area of a 3-week-old calf in Zavala County...
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.