Russian Grain Markets: 22-26 August 2022 Russia’s harvest continues with grain production, as of 25 August, at 78.9 MMT which is up 24.8 percent from last year (63.2 MMT). Overall grains and legumes were harvested from 27.6 Mha averaging 3.82 MT/ha producing 105.2 MMT of grains. Russian Ministry of Agriculture still forecasts grain production at 130 MMT. However, the Ministry is not announcing if this production includes occupied territories in Ukraine or not. Reportedly, several MMT of grains were already moved inside Russian territory from occupied areas of Donetsk, Luhansk, Zaporizhzhia, and Kherson. For the moment, grains harvested from these regions are being moved to Crimea – the shortest route to the operational s...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.