Russian Grain Markets: 23-29 January 2013 Grain Market Interventions The intervention fund put up 64,928 MT of grains for exchange trading on 23 January 2013 and offered 62,228 of grains on 29 January 2013.As of 22 January, there have been 313 accredited participants during the course of the public commodity interventions. Since the beginning of these interventions in 2012, the public intervention fund has sold 1.507 MMT of grain on the stock exchange for a general sum of 12.54 billion Russian rubles. The State Intervention Fund had planned to start selling food rye on 29 January, but it was not offered during Tuesday's trade session. Deputy Ag Minister Dmitry Yuriev spoke of further grain intervention sales last week, saying that the f...
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
What You Need to Know Today: Harvest pressure in the U.S. sent corn and soybeans lower as supplies increased and there were signs USDA’s upward revisions to yields in the October WASDE could be close to right. The conflict between Russia and Ukraine escalated over the weekend, with Ukrai...
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.