Russian Grain Markets: 5-9 November 2012 Export Updates Last month Russia exported 350,037 MT of barley, down 1.5 percent from October 2011. Of that amount, 61 percent was sold to Saudi Arabia and 31 percent went to Iran, the second-largest importer of Russian Barley.Russia also exported 340,410 MT of corn in October, twice as much as the exported volume in September 2012 or in October 2011. The largest buyer was Turkey, with 34 percent of total Russian corn exports, and the second-largest importer was Germany, with 14 percent. Italy came in third with a 9 percent share. Grain Market Interventions The intervention fund put up 64,935 MT of grains for exchange trading on 13 November, including: 52,515 MT of third grade wheat and 12,420...
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
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.