Russian Grain Markets: 1-5 August 2022 Russia’s harvest campaign continues. As of the first week of August, reports show 56.5 MMT of grains harvested which is 8 MMT behind last year. Grains and legumes are harvested from 13.3 Mha which is 7 Mha behind last year at this time. Yields are much better this year showing 4.26 MT/ha versus 3.18 MT/ha. Specifically, wheat harvest progress shows 48.9 MMT which is in line with last year, however, wheat was harvested from 11 million ha versus 14.3 Mha a year ago. Barley harvest progress is 5.8 MMT versus 10.9 MMT, however, barley was harvested from 1.4 Mha versus 3.9 Mha. Barley yield is 4 MT versus 2.83 MT/ha a year ago. Russian Minister of Agriculture, Dmitriy Patrushev, is concerned that R...
The corn and soy complex closed higher, with the wheat market mixed, as winter wheat closed up but spring wheat and livestock ended lower. Part of the strength for corn and soybeans may have been a weather premium, as crop planting has started out fast but warm weather has been slow to develop...
Reflect for a moment on what you eat. There is a lot of advice out there in the ether about what you should eat, but really, what do you currently eat and how much? The good people at the USDA have some data for you, to help you answer that question. USDA says that we eat quite a bit of meat. L...
WPI recently completed an expansion of our methodology for estimating and forecasting U.S. and global soybean crushing margins. The new approach incorporates the energy market’s expanding influence on the oilseed sector and the structural changes in global biofuel demand. This report is i...
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