An initial estimate of Russia's 2014 grain and leguminous crop harvest indicates that it should surpass the 2013 total. Meanwhile, implementation of the new wheat export duty on 1 February is expected to stablilize the domestic grain market environment. Russian Grain Markets Harvest Results According to Rosstat, Russia's Federal State Statistics Service, the preliminary estimate of the country's grain and leguminous crop harvest was 103.836 MMT (excluding results of the Crimean Federal District), which is higher than the 2013 total of 92.385 MMT. The 2014 estimate includes 58.994 MMT of wheat (52.091 MMT in 2013), 19.984 MMT of barley (15.389 MMT in 2013), 3.274 MMT of rye (3.36 MMT in 2013) and 11.091 of corn (11.635 in 2013). Also harv...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.