Russian Grain Markets: 3 – 7 April 2023 Russia’s grain markets remained bearish the first week of April aligning with export duty behavior and local currency depreciation. For a few days prices remained stable thanks to domestic currency depreciation but the government was quick to increase the export duty for all grains thus nipping the bull in the bud. Global wheat trade showed a bearish mood. The domestic milling wheat market dropped because stocks are huge and spring planting has started. Moreover, Kazakhstan is about to decide to ban Russian wheat deliveries by road transport. Russian wheat continues enjoying demand internationally and especially in Egypt. On 6 April, GASC bought a huge amount of Russian wheat &ndas...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
In agriculture and food processing, we think a lot about infrastructure: transportation and storage, processing and packaging, distribution and delivery. It is a physical system of roads, railroads, and rivers; concrete and steel storage; processing plants, warehouses, and machinery; and, event...
Key Takeaways: The Panama Canal’s draft restrictions and decreasing rainfall outlook are driving big moves in dry bulk markets this week. Panamax markets are sharply lower as the economics of moving freight across the Canal are deteriorating rapidly, leading to support in Supramax vessels...
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.