Russia has been increasing its soybean production over the past several years because of high demand from domestic animal and poultry feed producers. According to market experts, the total volume may reach a record 2.7 MMT in MY 2015/16. Russian Grain Markets Harvest Update 103.6 MMT of grain were harvested from 42.9 million hectares (96.8 percent of the target) as of 19 October 2015 compared with 105.7 MMT from 42.2 million hectares as of the same date a year ago. Specifically, 63.6 MMT of winter and spring wheat were produced from 25.4 million hectares (99.3 percent of the target) as were 8.6 MMT of corn from 1.7 million hectares (62 percent of the target), 8.3 MMT of sunflower seeds from 5.5 million hectares (81 percent of the target)...
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.