Russian Grain Markets: 17-21 October 2022 Planting Update Russian winter crop planting is still behind schedule and may be the lowest for the past five years. As of 21 October, winter crops were planted over 15.8 Mha which is 83.2 percent of the forecast and around 2 Mha behind last year. Central and Southern federal districts are behind schedule due to excessive rainfall, according to the Ministry of Agriculture of Russian Federation. This number theoretically should include annexed Crimea and newly annexed Ukrainian territories in Donetsk, Luhansk, Kherson and Zaporizhzhia. However, it is unclear if those territories are included or not. Either way, as carryover is quite high and with a record crop this year still allows Russia to remai...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.