Milling Wheat The Black Sea wheat market is firmer. The domestic market in Russia has rallied to levels that are above the export parity. This is logical considering that Russia already has exported about 8 MMT of grains since the start of the campaign from the theoretical 10 MMT surplus. The Russian government didn't have to implement any export restrictions thus far since it was a function of the market to shut down exports, and this is exactly what is happening now. Just two weeks ago the government was ready to buy wheat for the intervention stocks in case the rapid export pace began to threaten the domestic balance. However, domestic prices have rallied so sharply in the last 10 days that the government is now preparing to sell whea...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.