Russian Grain Markets: 12-18 June 2013 Planting Updates As of 13 June, spring grain and leguminous crops were planted on 30.4 million hectares. This is 100.2 percent of the target and 505,000 hectares more than plantings as of the same date last year. Grain Market Interventions The intervention fund put up 44,882 MT of grains for exchange commodity trading on 18 June 2013 and sold 34,290 MT.Since the beginning of the public grain interventions in 2012, the State Intervention Fund has sold 3.536 MMT of grain for total amount of RUR 29.147 billion. Market Trends: 10-14 June 2013 GEOGRAPHICALLY 3rd grade and 4th grade soft milling wheat prices started to decrease in European Russia: in the South (-$4-5/MT), Central and Black Soil (-$1...
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.