Russian Grain Markets: 5-9 September 2022 As of 7 September, the Russian Ministry of Agriculture reported the harvesting of grains and legumes produced 125 MMT of which 88.2 MMT is wheat, 21.2 MMT is barley, and 35,000 MT corn (the corn harvest has just started). These numbers are the weight collected from the field which require drying and conditioning. The Ministry forecasts this year’s crop at 129.56 MMT of which wheat is 87 MMT in standard weight. These numbers are questioned by the industry; domestic analysts’ forecasts range from 142 up to 145 MMT, with wheat forecasts ranging from 94.7 to 95 MMT. Individual analysts believe the wheat crop size may be as high as 96 MMT. Russian Grain Union has a slightly pessimistic view...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
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.