Russian Grain Markets: 8-12 October 2012 Harvesting Updates The Russian Ministry of Agriculture on 12 October updated its total grain harvest forecast for 2012 to 71.1 MMT, up 0.1 MMT from Ag Minister Nikolai Fedorov's estimate earlier in the week. Export Updates Russia is unlikely to supply more than 12 MMT of grains to world markets in MY 2012/13, according to Pavel Skurikhin, president of Russia's Grain Producers' Union, at the third Ukrainian Grain Congress on 16 October. Skurikhin said that the country supplied 8.1 MMT of grains to foreign markets since the beginning of MY 2012/13 and export activity has since slowed. As per his estimates, the total volume of grain to be exported in October will be 3 MMT, which is 200,000 MT less...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.