Regional News Russia’s government announced the expected grain export quota for the period 15 February through 30 June 2023 of 25 MMT. The quota is up sharply from the 2021/22 quota of 11 MMT. The higher quota comes as the country is expected to export a record volume of grain this year (55.5 MMT), including 45.5 MMT of wheat. Milling Wheat World wheat markets continue to trade the broad trends of stiff competition from the Black Sea, consolidation/strength in CBOT and KCBT futures on concerns for the 2023 crop, and the return of dry weather in Argentina. Other than the weather outlooks for the Northern Hemisphere and old crop exports, there is little fresh news to drive wheat markets. EU wheat prices were stronge...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
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.