Russia has exported 434,000 MT of grain as of 15 July 2015 and from the beginning of MY 2015/16, a 56.9 percent decrease compared with the same period in the previous season. Included were 200,000 MT of wheat, 137,000 MT of barley, 93,000 MT of corn and 4,000 MT of other grains. Russian Grain Markets Harvest Update Grains were harvested from 6.7 million hectares (versus 9.1 million hectares in 2014) as of 21 July 2015, which produced 24.8 MMT (compared with 31.7 MMT last year). Included were winter and spring wheat from 5.1 million hectares (19.2 MMT produced) as well as winter and spring barely from 786,200 hectares (2.7 MMT produced). Rapeseed was harvested from 82,500 hectares (130,400 MT produced). Market Trends: 13-17 July 2015 Th...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
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.