Russian Grain Markets: 9 - 13 January 2023 The Russian Statistics Agency (RosStat) has adjusted preliminary crop size numbers for the 2022 crop. Overall, grain production numbers were adjusted upwards reaching 153.83 MMT versus the previous 150.985 MMT. Wheat production was adjusted to 104.44 MMT (102.7 MMT), barley to 23.45 MMT (22.88 MMT) and corn to 11.78 MMT (11.68 MMT). Bunker weight, or weight before dockage and drying at the elevator, showed 160.597 MMT which means that losses were 4.2 percent versus 4.4 percent a year ago. However, these numbers are not final; at the end of February the final data will be published. Intervention purchasing froze at 3.123 MMT and chances for extension of this governmental program in t...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...
What You Need to Know Today: Iran says its definition of the Strait of Hormuz is now a “vast operation area” that stretches from Jask to Siri Island. The White House said President Trump did not sign a suspension of the TRQs on beef imports but is “finalizing potential...
If the media headlines and Trump critics are to be believed, President Trump is headed to Beijing this Thursday in a weakened position. China is in control, it has the upper hand, and expectations are very low. These are the same critics that argue against overly simplistic zero-sum analyses in...
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.