Russian Grain Markets: 12–16 August 2024 Crop Outlook As of 13 August, Russian farmers produced 69 MMT of grains from 20.6 Mha versus 73.5 MMT from 19.5 Mha last year. The average yield showed 3.36 MT/ha versus 3.76 a year ago. Wheat production reached 56.3 MMT from 15.8 Mha versus 57.4 MMT from 14.2 Mha. The average yield showed 3.58 MT/ha versus 4.06 MT/ha. Most likely these numbers do not include grains produced and harvested on occupied territories of Ukraine as very often this wheat goes for export or moves to other Russian regions before it is properly documented. Russian farmers started the winter cop planting campaign and continue harvesting. The Russian grain market is recovering slowly in the European part of the country...
What You Need to Know Today: The cattle market rebounded sharply this week, with January feeder cattle futures gaining $16.98/cwt and February live cattle futures advancing $7.60/cwt since last Friday. Tyson Foods' plans to restore a second processing shift at its Amarillo, Texas, facili...
Key Takeaways: The rationale for farm programs has changed significantly from their original intentions. Farmers’ incomes have grown sharply and have surpassed non-farm incomes beginning in the 1970s. Current farm programs are complex and focus on supporting risk management, environmenta...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.