Russia exported 194,800 MT of sunflower oil in March 2014 (a 5 percent gain compared to February 2014 and 48 percent more than March 2013), the highest results ever registered in that country. Russian Grain Markets Planting Update Russian farmers have planted spring grain crops on 3.7 million hectares (11.5 percent of the target) as of 21 April 2014. Included were spring wheat on 281,000 hectares (2.1 percent), spring barley on 2.1 million hectares (23.77 percent) and spring corn on 461,600 hectares (17.8 percent). Soybeans were planted on 30,900 hectares (1.8 percent)), spring rapeseed on 49,300 hectares (4.5 percent) and sunflower seed on 758,600 hectares (10.9 percent). Market Trends: 14-18 April 2014 Grain prices moved in dif...
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
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.