Russian Grain Markets: 3-7 October 2022 Russian winter crop planting is behind schedule at only around 50 percent of the forecast and 1 Mha behind last year at the end of September. The Ministry of Agriculture already forecasts next spring planting to reach 82.2 Mha which is up 200,000 ha. The key reason behind delayed planting is a prolonged rainy season which resulted in the smallest planted winter crop area since 2013. Another reason was delayed soybean and sunflower seeds harvest. In addition, farmers are now thinking twice before putting the wheat in the ground. With high carryover and a record crop, farmers are afraid that margins on wheat will be very low. Seventy percent of Russia’s grain crops are winter crops and predomina...
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.