The Russian Grain Union supports the government resolution to allow GM seeds for use in sowing as of 1 June 2014. Russian Grain Markets: 12-18 February 2014 Grain Market Interventions A stock exchange trading was held on 18 February within context of the grain market intervention in Russia. The Intervention Fund purchased 9,855 MT of the 29,970 MT of grains that were offered for the total amount of $1,459,480.Since the beginning of the stock exchange trading (15 October 2013), the Intervention Fund has purchased 610,065 MT of grains for the total amount of RUB 3.573 billion ($100,514,209).The Russian Ministry of Agriculture made a resolution last week to end the season's grain market purchasing interventions on 19 February. Market Trend...
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.