Russian Grain Markets: 20 – 24 January 2025 The domestic market remained bullish while the export market in dollar terms remained relatively stable. Export duties decreased slightly allowing prices to grow. Most likely the biggest bullish factor is the remaining grain stocks which are melting. The Asian part of Russia lives a separate life where prices are not as bullish as neighbouring Kazakhstan which during some years was buying Russian wheat but shows no interest whatsoever in the Russian commodity even after the ban was lifted. At least this is the situation as of January. Prices in Kehkashan are quite low barely reaching $135/MT for 3rd grade milling wheat. Russian Grain Union (RGU) is forecasting a decrease in grain expor...
The corn and soy complex closed higher, with the wheat market mixed, as winter wheat closed up but spring wheat and livestock ended lower. Part of the strength for corn and soybeans may have been a weather premium, as crop planting has started out fast but warm weather has been slow to develop...
Reflect for a moment on what you eat. There is a lot of advice out there in the ether about what you should eat, but really, what do you currently eat and how much? The good people at the USDA have some data for you, to help you answer that question. USDA says that we eat quite a bit of meat. L...
WPI recently completed an expansion of our methodology for estimating and forecasting U.S. and global soybean crushing margins. The new approach incorporates the energy market’s expanding influence on the oilseed sector and the structural changes in global biofuel demand. This report is i...
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.