As of 11 April 2014 and from the beginning of MY 2013/14, Ukraine has exported 28.338 MMT of grain. According to Ukrainian Grain Association President Vladimir Klimenko, grain exports have not experienced any delays or interruptions. Russian Grain Markets Planting Update Russian farmers have planted spring grain crops on 2.1 million hectares (6.4 percent of the target) as of 14 April 2014. Market Trends: 7-11 April 2014 Prices on the grain market continued to increase during the week in review, but at a slower rate than the previous week. GEOGRAPHICALLY: 3rd grade soft milling wheat prices increased in the South and Ural (+$0.50/MT), Central, Volga Valley and Black Soil (+$2-2.50/MT) and Siberia (+$4.50/MT).4th grade soft milling whe...
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.