Russian Grain Markets: 4–8 September 2023 Russian grain markets remained bearish, however, export volumes of all agricultural commodities from Russia remained stable. Russia has no navigation restrictions across the Black Sea. Going through Bosporus or any other channel, Russia can load Panamax vessels and handy size vessels. The focus now is expanding export markets to Asia, Far East, and Middle East, especially where Ukraine has been losing weight due to the Russian invasion and blocking Black Sea ports. With or without the Black Sea Grain Initiative (BSGI), Russia continues export business as usual. The most recent negotiations between Erdogan and Putin did not bring any results regarding restarting BSGI. Russia wants to be...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
Mediterranean/Middle East/North Africa/Africa – MEA Region Bangladesh is reported to have finalized the purchase of 270,000 MT of wheat, including 220,000 MT of U.S. wheat. The U.S. wheat is priced at $322/MT, with an additional 50,000 MT of wheat at $297.90/MT through an international te...
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.