Approximately 63 MMT of grain may be harvested in Ukraine for MY 2014/15, which would be one of the largest in the country's history. Grain and port warehouses there were holding a total of 4.632 MMT of grains and oilseeds as of 4 July, or 15 percent of total storage capacity. Russian Grain Markets Harvest Updates As of 7 July, grains were harvested on 2.7 million hectares (5.9 percent of the target) and 9.9 MMT were produced. Included were 6.1 MMT of wheat (3.78 MT/hectare), 2 MMT of barley (3.7 MT/hectare) and other grains. Market Trends: 30 June – 4 July 2014 Market prices for the 2013 grains decreased in all regions. The 2014 harvest grain prices were formed mainly in Russia's southern regions. GEOGRAPHICALLY: 3rd grade and...
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...
Dry bulk markets were volatile but ultimately steady this week with notable differences in rate developments across vessel classes. The Capesize sector, which led the recent rally in freight rates with its dramatic surge, pulled back slightly amid more cautious chartering activity, partic...
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.