Russian Agriculture Minister Aleksandr Tkachov has forecast the country’s MY 2016/17 grain exports at about 37 MMT, a drop from the ministry’s previous forecasts of 40 MMT that is attributed to a recent development. He also noted that there is a surplus of one particular grade of wheat. Russian Grain Markets Market Trends: 20-24 February 2017 Prices dropped insignificantly, although they showed an increase in USD expression due to strengthening of the ruble. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew slightly in Central and Black Soil (+$0.20/MT) but were stable in the South. Meanwhile, they decreased in Volga Valley (-$1.20/MT) as well as Ural and Siberia (-$0.30/MT).4th grade soft milling wheat prices were stable i...
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.