Russian Grain Markets: 17-21 October 2022 Planting Update Russian winter crop planting is still behind schedule and may be the lowest for the past five years. As of 21 October, winter crops were planted over 15.8 Mha which is 83.2 percent of the forecast and around 2 Mha behind last year. Central and Southern federal districts are behind schedule due to excessive rainfall, according to the Ministry of Agriculture of Russian Federation. This number theoretically should include annexed Crimea and newly annexed Ukrainian territories in Donetsk, Luhansk, Kherson and Zaporizhzhia. However, it is unclear if those territories are included or not. Either way, as carryover is quite high and with a record crop this year still allows Russia to remai...
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.