Prices grew everywhere on the Russian market with active buying and selling at the week's beginning, but business then practically came to a halt by its end. This was all influenced by changes in the domestic currency. Russian Grain Markets Harvest Update Over 71 MMT of grain were harvested from 26.7 million hectares (56.8 percent of the target) as of 31 August 2015 compared with 75.3 MMT in 2014. This included 48.7 MMT of winter and spring wheat from16.2 million hectares (60.1 percent of the target) and 14.2 MMT of winter and spring barley from 6 million hectares (67 percent of the target). 474,900 MT of rapeseed were also harvested from 268,700 hectares (25.9 percent of the target). Planting Update Winter crops were planted on 2.9 mi...
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
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.