Russian Grain Markets: 26-30 September 2022 The Russian Ministry of Agriculture reported that as of 30 September wheat production showed 101.9 MMT of bunker weight wheat versus 74.5 MMT a year ago. The average wheat yield increased from 2.81 MT/ha to 3.61 MT/ha. Harvesting was complete on 28.2 Mha which is 95.8 percent of the grain crops. Barley was harvested from 7.7 Mha or 96.8 percent of the crop totaling 23.9 MMT versus 18.2 MMT. Corn was harvested from 353,700 ha or 12.4 percent of the crop totaling 2.05 MMT versus 2.96 MMT and averaging 5.8 MT/ha. Winter crop plantings covered 9.564 Mha versus 10.762 Mha a year ago. Last week, the market was finalizing adjustments to new crop price levels for all grains. Prices are slowly but stead...
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
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.