Russian Grain Markets: 17-21 September 2012 Harvesting and Planting Updates National Grain Producers Union President Pavel Skurihin forecasted that Russia will harvest 68 MMT of grains, while Igor Pavensky of Rusagrotrans predicted the harvest to be 73.2 MMT. As of 20 September 2012, Russia harvested grains on 77 percent of the target areas, according to Russian Ag Minister Nikolai Fedorov. Total production of grains amounted to 63.3 MMT, with an average yield of 1.83 MT/hectare (down 0.53 MMT/hectare compared to the last year). The production volumes, including the carryover stocks (19.4 MMT), will satisfy domestic demand and allow the export potential to reach 10-14 MMT. Russia also planted winter crops on 8.3 million hectares (49 per...
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
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.