Regional News Ukraine’s 1 May grain stocks totaled 9.5 MMT in 2021, up 0.18 MMT from the same period in 2020. Notably, wheat stocks were up 8 percent, corn stocks up 4 percent, and barley down 37 percent (due to strong Chinese buying earlier in the year). Russia announced it expects its all-grain exports to hit 51 MMT in 2021/22, despite a smaller crop. The 2021 grain crop is pegged at 127.4 MMT, down from 133.5 MMT in 2020. The Russian ag ministry also said it plans to set a quota for the second half of each marketing year (1 January – 30 June) as well as suggest the government buy 3 MMT for its state-owned stocks. Milling Wheat European wheat markets followed the global trend of lower p...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
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.