Russian Grain Markets: 10 – 14 April 2023 Russia’s grain markets remained unmistakably bearish; even RUB based trading indicators softened in the ports for all grains. While dollar FOB wheat prices remained almost unchanged for wheat, barley and corn quotations softened. The key factors on the market remain the same: currency fluctuations and export duty dynamics. RUB softening slowed down, but export duties firmed up again. Russia is still internally debating the UN grain humanitarian corridor terms and conditions. Politicians are skeptical about Russia’s position of allowing Ukraine to continue agricultural commodity exports without receiving an additional bonus for Russia. What could they get in return? They wer...
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...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.