Russian Grain Markets: 13–17 May 2024 Crop Outlook As of mid-May, Russia farmers planted 24.8 Mha of spring crops which is 44.5 percent of the forecast. This is 4.6 Mha ahead of last year’s planting pace. Grains and pulses were planted over 12.98 Mha which is 43.2 percent of the forecast and 3.9 Mha behind last year’s indicator at this time. Wheat planting is 2.2 Mha behind showing 12.98 Mha which is 43.2 percent of the forecast. Corn planting is going quite well, exceeding last year’s indicators currently at 1.8 Mha which is 66 percent of the forecast. Rice planting is at 149,900 ha which is almost 80 percent of the forecast. Buckwheat planting just started showing 17,300 ha which is 1.5 percent of the forecast. B...
What You Need to Know Today: CBOT markets pared Monday’s sharp losses as traders booked short profits and adjusted positions ahead of the Grain Stocks report that USDA will release Wednesday afternoon. The 7-day QPF forecast from NOAA now shows heavy rain across the central and western C...
Key Takeaways: Comparative advantage encourages countries to specialize in goods they can produce at a lower opportunity cost and rely on trade for others. Differences in climate, land, infrastructure, and technology help determine where agricultural commodities can be produced most efficientl...
Mediterranean/Middle East/North Africa/Africa – MEA Region Iran is reported to have completed its rail link from the border with Afghanistan to the Iranian port of Chabahar on the Gulf of Oman — the link is expected to be fully operational in early 2027. This will be Afghanistan&rsq...
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Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.