Russian Grain and Oilseed Markets: 24 – 28 April 2023 Russia’s grain market remained bearish. Across the country, grains lost value except for Siberia which is still stable and even slightly bullish. However, Siberia is not going to maintain better prices as overall trends both globally and domestically are clearly bearish for the near term. Good prospects for new crop and low demand during the May holiday season will push prices further down. Farmers see that the bear is inevitable and are already prepared to sell for less… if they find a buyer. Export duties are going down, but this will not save the market from crashing, especially with a stronger RUB and an overall global bearish trend. Most likely the Russia...
What You Need to Know Today: Non-farm payrolls rose by 172,000 jobs in May, above economist expectations of 80,000 jobs. With the job market strong, the Fed may consider raising interest rates to tame inflation. The strong jobs report was a catalyst for lower risk appetite across financial and...
What You Need to Know Today: A case of New World Screwworm was detected in Texas, the first in the U.S. since 1966. With cases creeping closer to the U.S. border, it was only a matter of time. APHIS confirmed that larvae were detected in the umbilical area of a 3-week-old calf in Zavala County...
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.