Regional News Reports from Russia suggest that nearly one-quarter of the winter wheat crop is in poor condition, the highest such rating since 2013. Chinese buying continues to tighten EU grain supplies and push prices higher. Chinese buyers have been especially aggressive on French wheat and barley purchases. Turkey purchased 340,000 MT of 12.5 percent protein milling wheat at an average price of $266.70/MT from Russia for January shipment. Turkey’s 2020/21 wheat purchases currently total 2.2 MMT, up 135 percent from this time last marketing year. Delivery of wheat to Egyptian ports totaled 1.22 MMT in November, down 12 percent from October as high prices have started to ration consumption. Milling Wheat&...
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.