Russian Grains Markets: 15-19 August 2022 Russia’s harvest continues. As of 11 August, grain production showed 75.5 MMT harvested, which is up 600,000 MT from last year. The total area harvested is 18.1 Mha, which is 6.5 Mha behind last year. Specifically, wheat was harvested from 14.2 Mha versus 16.9 Mha (62.8 MMT) a year ago, barley was harvested from 2.4 Mha versus 4.9 Mha and totaling 8.8 MMT, and rice was harvested from 406,400 ha versus 780,700 ha last year and totaling 1.1 MMT. This year, the average yield has increased for all the above crops. In some areas, winter crop planting has begun but is behind compared to last year. The current estimation of the 2022 crop in Russia is around 145 MMT, of which 95 MMT is wheat...
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...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.