Although Russian grain exports have been lagging behind last year's level, the November volume is expected to show notable growth versus the same month last year, mainly because of two factors. Meanwhile, the Ukrainian government is authorizing a new option for grain traders there. Russian Grain Markets Market Trends: 21-25 November 2016 Prices fluctuated insignificantly in RUB expression and grew in USD expression, mainly due to the higher exchange rate. GEOGRAPHICALLY 3rd grade soft milling wheat prices rose in Siberia (+$2.80/MT) and Ural (+$0.20/MT), remained stable in Black Soil, and decreased in Central, Volga Valley and the South (-$0.20/MT).4th grade soft milling wheat prices remained steady in Volga Valley, fell in Black Soil...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
Inflation is back in the driver’s seat, and agriculture is getting pulled in two directions. A stronger dollar is pressuring grains despite fresh Chinese buying, while renewed Middle East attacks lift crude oil. Higher energy prices can support commodities, but they also raise expenses an...
Regional News European grocery stores have been targeted by cybersecurity attacks this week, with major retailers in France and the Netherlands affected. In France, major grocers, including Carrefour, Intermarché, and Coopérative U, all suffered attacks in which freezer and...
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.