Ukraine's domestic sunflower seed prices increased mainly due to devaluation of the national currency. Meanwhile, domestic rapeseed prices rose as buyers competed for limited resources. However, another factor may also contribute to price growth. Russian Grain Market Market Trends: 5-9 September 2016 The Russian grain market followed the trends of the previous week. GEOGRAPHICALLY 3rd grade soft milling wheat prices increased in Central (+$7.50/MT), Black Soil and Volga Valley (+$3.30-3.50/MT), and the South (+$5.40/MT), but they declined in Ural (-$1/MT) and Siberia (-$8/MT).4th grade milling wheat prices grew in Central (+$3.20/MT), Black Soil (+$1.20/MT) and Volga Valley (+$0.80/MT). However, they dropped in the South (-$0.20/MT), U...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
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.