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...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.