Ukraine's export program from its ports currently appears to be undisturbed by the crisis. However, several Russian banks reportedly have stopped providing credit in the country, which could significantly impact the upcoming corn planting. Milling Wheat The Black Sea wheat market remained about unchanged last week. The offered volume in Ukraine, Russia and Romania is limited, but buyers are hesitant to pay the new prices. The market is clearly showing signs that the region's remaining surplus is small. However, demand is also slowing down as the North African harvest starts in about six weeks. The inverse between the old and new crop prices is about $20, and the operators will avoid carrying old crop stocks when the new campaign starts.Eg...
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.