Russian Grain Markets: 12–16 June 2023 According to the Russian Ministry of Agriculture, as of 5 June, total acreage of spring grains and legumes planted reached 29 Mha including: wheat – 13.5 Mha, barley – 7 Mha, corn – 2.5 Mha, and rice – 159,400 ha. Spring planting of all crops is 92 percent complete covering 50.7 Mha. This spring planting pace is a bit faster than a year ago. However, Siberia is suffering a drought which requires replanting. Many hectares of winter crops and flax are reportedly dead in western Siberia. Some of them will be replanted. The Ministry is estimating a 20 percent drop in winter crop yields. All in all, these regions are unlikely to suffer grain shortages as Kazakhsta...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
Key Takeaways: Drought remains a major threat to global agricultural production, particularly in regions with limited rainfall and growing water scarcity. Commercially available drought-tolerant traits in corn, soybeans, and wheat have generally delivered modest yield improvements, limiting th...
From WPI Consulting
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.