The Ukrainian Ministry of Agrarian Policy and Food indicated on 25 August that the country will export 36.83 MMT of grain in MY 2015/16 versus 34.8 MMT in MY 2014/15. Iran is also reported to be interested in importing a substantial volume. Russian Grain Markets Harvest Update As of 24 August 2015, 65 MMT of grain were harvested from 23.4 million hectares (49.9 percent of the target) compared with 70 MMT from 23.6 million hectares in 2014. This includes 45.7 MMT of winter and spring wheat from 14.6 million hectares (54.3 percent of the target) and 15.1 MMT of winter and spring barely from 5.3 million hectares (58.9 percent of the target). 389,900 MT of rapeseed were also harvested from 208,600 hectares (20.1 percent of the target). Plan...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.