The Russian grain market was influenced by several very serious factors during the week in review. These included the sharp ruble devaluation, a suspension in purchases of its grains by most exporters and the government's higher, fixed minimal purchase prices. Russian Grain Markets Market Trends: 15-19 December 2014 The Russian grain market was influenced by several very serious factors during the week in review. First, of course, there were the wild fluctuations of the RUB rate, which dropped to 80 rubles per USD a few days before ending the week at about 62 rubles per USD. Another factor was the suspension in grain buying by most exporters because Rosselkhoznadzor stopped issuing the phytosanitary certificates necessary for export and...
What You Need to Know Today: The Trump administration announced new tariffs of 10 percent to 12.5 percent on imports from 60 major U.S. trading partners as part of a Section 301 action aimed at combating forced labor in global supply chains. Countries that have agreed to adopt and enforce bans...
Key Takeaways: Grain futures pulled back sharply in overnight trade Friday on rumors that Ukraine proposed two possible options for ensuring civilian vessel safety in the Black Sea. Both Russia and Ukraine have recently targeted civilian vessels carrying oil and grain in the Sea of Azov...
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.