Russian Grain Market: 26 June – 2 July 2013 Harvesting Updates As of 1 July, grain crops were harvested on 2.3 million hectares. The volume of the grain produced was 8.5 MMT with the average yield 3.67 MT/hectare. Specifically, wheat was harvested on 1.9 million hectares (6.8 MMT produced with the average yield 3.58 MT/hectare) and barley was harvested on 334,600 hectares (1.5 MMT produced, the average yield 4.51 MT/hectare). Grain Market Interventions The Intervention Fund put up 44,888 MT of grains for exchange commodity trading on 26 June 2013 and sold 32,325 MT.Since the beginning of the public grain interventions in 2012, the State Intervention Fund already sold 3.643 MMT of grains on the stock exchange at total amount of RUR 29...
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.