Milling Wheat Offers for Ukrainian and Russian wheat are difficult to find, especially for January onwards. The Ukrainian government still has not declared an official export ban, and it may follow Russia's example, which is to let the market decide when to stop exports. Although the Ukrainian and Russian export programs are nearing their end, the final export volumes will surpass the initial expectations. Ukraine probably will export more than the estimated 5.5 MMT and Russia might export up to 11 MMT, about 1 MMT more than the estimated surplus.The EU allocated 438,000 MT of wheat export licenses this week, bringing the total to 7.3 MMT versus 6.5 MMT allocated at the same date last year.Algeria bought 375,000 MT of optional origin whe...
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.