Russian Grain Markets: 7-14 August, 2012 GRAINS AND PRODUCTS Harvest As of 14 August, grains and leguminous crops have been harvested on 21,062,800 hectares (47 percent of total harvesting area). The total harvest amounted to 43.24 MMT, or 4.7 percent less than the same time last year, with an average yield of 2.05 MT/hectare (compared to 2.87 MT/hectare in 2011).The total wheat harvest as of 14 August was 27 MMT (5.3 MMT or 16.4 percent less than in 2011). The average yield was 2.21 MT/hectare (versus 3.18 MT/hectare in 2011).The total barley harvest as of 14 August was 9.3 MMT. Export Update In July 2012, Russia exported 2,068,000 MT of grains, including wheat (1,804,000 MT), barley (218,900 MT) and corn (6,300 MT), as reported b...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.