Although Russia's current grain harvest lags behind the results of a year ago, Deputy Minister of Agriculture Sergey Levin announced today that the current forecast of 100 MMT may only be revised upward in the future. Russian Grain Markets Harvest Update As of 17 August 2015, 59 MMT of grains were harvested from 20.4 million hectares (43.4 percent of the target) compared with 62.1 MMT from 19.6 million hectares in 2014. This included 43 MMT of winter and spring wheat from 13.3 million hectares and 10.9 MMT of winter and spring barley from 4.4 million hectares. Additionally, 278,200 MT of rapeseed were harvested from 140,700 hectares. Planting Update Winter crops were planted on 321,500 hectares (1.9 percent of the target) as of 17 Augu...
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
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.