Ukraine's grain production is projected to show an increase in 2016, but the problems that traders have had transporting stocks to the seaports continue with Ukrainian Railways seeing grain car demand far exceeding capacity last week. Meanwhile, there has been a notable increase in vegoil exports. Russian Grain Markets Market Trends: 28 November-2 December 2016 Prices grew moderately during the week in review. GEOGRAPHICALLY 3rd grade soft milling wheat prices increased in Siberia (+$2/MT), Ural (+$1.80/MT), Black Soil and Volga Valley (+$1-1.20/MT), Central (+$0.60/MT), and the South (+$0.80/MT).4th grade soft milling wheat prices grew in Central and Volga Valley (+$0.50/MT), the South (+$0.80/MT), Ural (+$1.50/MT), and Siberia...
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.