Russian Grain Markets: 11 – 15 November 2024Russian Union of Grain producers and exporters announced that winter wheat area for 2025/26 may drop to 15.4 Mha which will be the smallest planted winter crops area since 2018/19. Particularly, wheat area may drop by 0.9 Mha to 16.3 Mha, and after winter this crop may drop further to 15.4 Mha. This will be the smallest winter wheat crop since 2018/19. The forecast for Russian grain production during 2025/26 is around 133 MMT of which 84.5 MMT is wheat – higher than the current 2023/24 level of 123.8 MMT, of which 82 MMT is wheat.SovEcon analysts believe that 2025 wheat crop will reach 81.6 MMT adding 1.5 MMT to their previous forecast. Particularly, winter wheat crop expectations are now 1.5 MMT...
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
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.