Russian Grain Markets: 22-28 August 2012 GRAINS AND PRODUCTS Harvesting Updates According to the Russian Ag Ministry's Department of Crop Production, as of 3 September, Russian farmers harvested grains and leguminous crops on 29.1 million hectares (65 percent of the target), producing 55 MMT (compared to 64.6 MMT this time last year) with an average yield of 1.89 MT/hectare (versus 2.6 MT/hectare). Wheat was harvested on 16.8 million hectares (68 percent of the areas under the crop), producing 32.9 MMT (versus 40.3 MMT).At a meeting held on 31 August, Deputy Minister of Agriculture Oleg Aldoshin reported that 6 million hectares of crops (8 percent of the total area) were destroyed as of the end of that month. Russian Ag Minister Nikola...
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...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.