Russian Grain Markets: 19-23 November 2012 Export Update Russia has exported 11.38 MMT of grains since 1 July 2012, according to the Russian Ministry of Agriculture. During 1-21 November, Russia shipped 1.055 MMT of grains for export, including 670,000 MT of wheat, 189,000 MT of barley, 154,000 MT of corn and 42,000 MT of other crops. Russia's export potential in the current year totals 15.5 MMT. The Ministry estimates total grain production at 71 MMT, down from 94.2 MMT in 2011.Russia exported 25,600 MT of sunflower oil in September (versus 86,000 MT in August 2012 and 24,300 MT in September 2011). The major importing countries were Uzbekistan, Turkey and Italy. Grain Market Interventions The intervention fund put up 64,869 MT of gra...
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.