Russian Grain Markets: Most Russian grain and oilseed markets are quiet with many traders on holiday from 1-7 January. Consequently, that section of this weekly article will not be published today but will resume next week on 9 January. Russia: Grain Export Update Sea exports: During 21-27 December 2018, Russian seaport grain exports amounted to 601,000 MT, including 525,000 MT of wheat, 48,000 MT of corn and 28,000 MT of barley. The largest importers were Egypt (189,000 MT), Turkey (98,000 MT) and the United Arab Emirates (55,000 MT). Russia: Total 2018 Grain and Oilseeds Yields According to the data published by the Federal State Statistic Service, in 2018 producers harvested 112.902 MMT of grains and leguminous cro...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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.