Russian Grain Markets: 17-21 May 2021 Russian domestic grain markets did not see any major price shifts, and although the market continued to show bullish sentiments such bullish dynamics are not that dramatic. Rye and peas trading slowed down and therefore prices slowly but steadily rolled down. Domestic markets’ bullish behavior looks rather strange against world grain market bearish moves let alone local currency appreciation. It may be the bullish trend is about finished with one key reason being the beginning of a new marketing season, which in some countries begins in June. Until June, old stocks may be traded even at lower levels on the world market. On the other hand, Russian based traders who do exports are possibly specula...
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.