Most grain exporters in Russia have stopped signing new contracts with Turkey, fearing introduction of a ban because of the current conflict between those two countries. Meanwhile, another nation is ready to fill the void in the Turkish market if such action is taken. Russian Grain Markets Harvest Update 108.6 MMT of grain (in bulk weight) were harvested from 44 million hectares (99.1 percent of the target) as of 1 December 2015 compared with 110.3 MMT from 43.9 million hectares as of the same date a year ago. Specifically, 64 MMT of winter and spring wheat were produced from 25.5 million hectares (99.8 percent of the target) as were 18.3 MMT of barley from 8.2 million hectares (99.9 percent of the target) and 12.8 MMT of corn from...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.