Russian Grain Markets: 27-30 September 2012 Harvesting Updates As of 28 September, Russia harvested grains and grain legumes on 36 million hectares, or 91 percent of the target areas, according to Russia's Deputy Minister of Agriculture Ilya Shestakov. Total grain production amounted to 66.4 MMT (versus 86.5 MMT as of the same date last year). Shestakov confirmed the Ministry's previous forecast that put total production of grains and grain legumes at 72-73 MMT in 2012. Export Update On 1 October, the Russian Ministry of Agriculture reported that the total volume of grain exports from 1 July – 26 September amounted to 7,435,000 MT, which is 19 percent less than the amount exported during the same period in 2011. During 1-26 September,...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.