Russian Grain Markets: 18-24 September 2013 Harvesting Updates As of 23 September, grain and leguminous crops were harvested on 33.4 million hectares, 72.3 percent of the forecast (1.5 million hectares less than as of the same date in 2012). The volume of grain produced was 74 MMT (10.1 MMT more than as of the same date in 2012) with the average yield of 2.22 MT/hectare (1.83 MT/hectare in 2012). Specifically, wheat was harvested on 18.6 million hectares, 73.9 percent of the target (45.9 MMT produced with the average yield of 2.47 MT/hectare), barley was harvested on 7.1 million hectares, 79.6 percent of the target (14.4 MMT produced, the average yield of 2 MT/hectare), corn was harvested on 287,000 hectares, 11.7 percent of the targe...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
Key Takeaways: The tariff burden rose sharply in 2025 and 2026: the effective rate on imports in HTS Chapters 1–24 increased from 1.53 percent in 2024 to 6.11 percent in 2025, before averaging 5.68 percent in January–August 2026. Headline rates tell only part of the story: exemptio...
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.