Russian Grain Markets: 13–17 November 2023 The Russian market remained quite volatile with European Russia bearish and the Asian region bullish thanks to solid demand from Kazakhstan. However, the gap between the European and Asian parts of the country is getting smaller and smaller as the huge crop puts pressure on the market, and a stronger RUB keeps domestic trading low. At the same time, export duties have become smaller as they are being calculated and charged in RUB and are not directly linked to the dollar. Kazakh demand will come to an end probably by the end of the year; only the highest quality milling wheat is in demand while low protein is no longer wanted. Farmers seem to be in no hurry to sell their crop for cheap...
What You Need to Know Today: End-of-month profit taking sent the CBOT broadly lower, though corn and soybeans managed to post small gains to continue their rallies. Turkey’s foreign ministry claimed to have a plan to ensure safe passage for both Ukrainian and Russian grain vessels via th...
Developer's Note 24 August 2026: WPI recently completed an exercise that updated the codebase for this app and solved some of the discrepancies between our five-year average calculation and USDA's. There are a few lingering cases where early (late) starts (finishes) to the crop cycle resu...
Key Takeaways: Corn and soybean prices rallied sharply last week as declining U.S. production expectations collided with strong demand, raising the prospect of tighter supplies and leaving the market with a smaller margin for further yield losses. The USDA’s lower August yield estimates...
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.