Russian Grain Markets: 11-17 September 2013 Harvesting Updates As of 16 September, grain and leguminous crops were harvested on 31.8 million hectares, 69.1 percent of the forecast (2.2 million hectares less than as of the same date in 2012). The volume of the grain produced was 71.1 MMT (8.9 MMT more than as of the same date in 2012) with the average yield of 2.23 MT/hectare (1.83 MT/hectare in 2012). Specifically, wheat was harvested on 17.6 million hectares, 70.1 percent of the target (44.4 MMT produced with the average yield of 2.52 MT/hectare), barley was harvested on 7 million hectares, 77.1 percent of the target (13.9 MMT produced, the average yield of 1.98 MT/hectare) and corn was harvested on 210,700 hectares, 8.6 percent of t...
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.