Russian Grain and Oilseed Markets: 25-29 April 2022 The Russian Ministry of Agriculture estimates the 2022 grain crop at 123 MMT mostly due to an additional 1 Mha of planted area. Winter crops, which are planted over 19 Mha), are reportedly in good and satisfactory condition. Oilseeds are forecast at 22.6 MMT, sugar beets at 41.5 MMT, and potatoes at 6.8 MMT. Spring crops have been completed over 200,000 ha and around 3 Mha of winter crops have been fertilized. Overall, planted area for 2022 is estimated at 81.3 Mha. In 2021, the grain crop in Russia was 121.4 MMT of which 75.9 MMT was wheat. However, not everyone in Russia agrees with the Minister. For example, Grain Exporters Union Governor Edward Zernin is optimistic and believes that...
What You Need to Know Today: U.S. launches naval escort operations in the Strait of Hormuz as Iran attacks UAE oil infrastructure, escalating geopolitical risk and supporting energy and broader commodity markets Biofuel demand entering uncharted territory, with soyoil valuation increasingly di...
CORN Argentina In Argentina, after several weeks of intense and frequent rainfall, weather conditions have improved, with clear days, dry cold, and wind supporting both soil and grain drying. Harvest activity has resumed; however, producers continue to prioritize soybeans, limiting progress in...
Update for 6 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where ob...
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.