A Russian Grain Union official has indicated that the country's grain exports in September may reach 4.7 MMT, a record amount for that month, with the MY 2015/16 total expected to be 35 MMT. Russian Grain Markets Harvest Update Over 83.6 MMT of grain were harvested from 33.6 million hectares as of 14 September 2015 (71.6 percent of the target) compared with 85.1 MMT from 32 million hectares as of the same date a year ago. This specifically included 55.7 MMT of winter and spring wheat from 20.6 million hectares (76.6 percent of the target) and 16.1 MMT of winter and spring barley from 7 million hectares (78.3 percent of the target). Also produced were 1.9 MMT of corn from 380,400 hectares, 615,300 MT of rapeseed from 392,900 hectares (37...
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.