Russian Grain Markets: 11-15 July 2022 While the world is watching several rounds of negotiations focused on unblocking Ukrainian Black Sea ports, Russia continues exporting grain on business-as-usual terms predominantly to “friendly” countries including Iran, Egypt, Turkey, Syria, Sudan, Nigeria, and Algeria. Since the issue of unblocking ports is of international value the U.S., and particularly the U.S. Treasury Department, announced that banks, insurance companies, and freight forwarding companies will have restrictions when dealing with Russian exports of grains and fertilizers. This allows Russia to remain a monopoly in the Black Sea for the moment, both in terms of price and volume, as Russia has no rivals. Russia&rsqu...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
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.