Regional Updates Russia’s Ag Ministry approved an export quota of 7 MMT for all grains through June 2020. The move is to “help ensure stability” of domestic grain and grain-product markets. The move comes amid coronavirus panic buying in international wheat markets and also after Russian flour millers complained that wheat prices, due to a strong export pace, were high enough to create large, negative milling margins. In a similar move, Russia has suspended the export of sunseed and soybean exports through the end of June 2020 to help stabilize prices and domestic markets for these products. Russia has also announced it would start to sell some of its state wheat reserves in response to surging flour prices...
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.