Russian Grain Markets: 20-26 February 2013 Grain Market Interventions The intervention fund put up 65,004 MT of grain for exchange trading on 20 February and 64915 MT of grain on 26 February.Since the beginning of the public grain interventions in 2012, the State Intervention Fund has sold 2.003 MMT of grain for a total amount of RUR 17.007 billion. Market Trends: 18-22 February 2013 After a week of stability, the downward trend on the Russian market resumed. During the week in review, grains prices in both Asian Russia and European Russia decreased. GEOGRAPHICALLY: 3rd grade soft milling wheat prices decreased at different rates: -$0.50-1/MT in Central and Black Soil; -$3-4/MT in Volga Valley and Ural, -$3/MT in Siberia and -$7/MT...
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.