Russian Grain Markets: 5-11 June 2012 GRAINS AND PRODUCTS MY 2011/12 Grain Exports Russian grain exports in MY 2011/12 amounted to 27 MMT, including 20 MMT of wheat, with Egypt, Turkey and Yemen being the main buyers. Experts estimate Russia made $7 billion from these grain exports. This season, Russian traders have been actively trading in corn; 2 MMT have been exported. This crop may become the second principal grain export for Russia. Grain Auction Results from 6-7 June 2012 Russia held another auction of grains from the intervention fund on 6 June; 60 companies took part in the event. A total 200,022 MT of grain from the 2005, 2008 and 2009 harvests were offered to participants. The total volume of grain purchased was 102,952 MT...
Key Takeaways: President Trump announced $8 billion in additional agricultural assistance through the Harvest Fuel Relief Program, as USDA projects farm fuel and oil expenses will increase 28.8 percent in 2026. The package follows $12 billion in earlier relief, while government farm payments w...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
Beef packer margins deteriorated to $141/head last week, down $55 from the prior week as fed cattle prices strengthened while the Choice cutout remained nearly unchanged. The cutout held near $373/cwt while fed cattle prices climbed $4/cwt to $224/cwt, narrowing processor profits. Despite the d...
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.