Russian Grain Markets: 15–19 July 2024 Russia started harvesting several weeks earlier this season due to hot weather conditions and early maturity of early grains. As of 12 July, Russian farmers harvested 32 MMT of grains from 8.4 Mha versus only 12.2 MMT from 3.3 Mha a year ago. The average wheat yield is 3.94 MT/ha versus 3.83 MT/ha. This week’s weather is promising to be hot and dry in the wheat belt. Rainfall would help Russian sunflower seeds and corn, especially in the Volga. So far, analysts are predicting a decrease in yields due to the hot dry weather. The Russian government sees the 2024 grain crops at 132 MMT, of which 86 MMT is wheat. Oilseeds production is forecast at 28 MMT. Russian analysts also believe that gr...
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.