Russian Grains Market: 13-17 June 2022 Russia launched its harvesting campaign which pushed grain prices down, especially in the Southern Federal District. However, there are several factors to review on this market. Even though the first crop harvested is winter barley, all grains remained bearish during the switch of the seasons. There are several reasons behind the bearish market. Ukraine has massive carryover and will be offering grains at a discounted price which will keep the whole Black Sea region on alert. Russia also has a carryover and farmers and traders are in a hurry to get rid of the old crop offering better prices too. A strong Russian ruble pushes the export potential to the limit and export duties which unprecedently went...
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.