Russian Grain Markets: 15 – 19 May 2023 Russia’s grain markets remained bearish. Russia’s position during negotiations of the UN grain corridor extension was not particularly strong and all sentiments were in favor of an extension, even if only for sixty days. Export duties recalculation did not happen although the market was awaiting this move by the government. Most likely the new method of duty calculation will begin in June. But that may be too late for Russian grains to appreciate as most of the western grain traders left the market or are in the process of doing so and domestic traders are not in a hurry to pay more for grains against a global bearish trend and good prospects for the future crop. According to...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
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.