Russian Grain Markets: 5-11 June 2012 GRAINS AND PRODUCTS MY 2011/12 Grain Exports Russian grain exports in MY 2011/12 amounted to 27 MMT, including 20 MMT of wheat, with Egypt, Turkey and Yemen being the main buyers. Experts estimate Russia made $7 billion from these grain exports. This season, Russian traders have been actively trading in corn; 2 MMT have been exported. This crop may become the second principal grain export for Russia. Grain Auction Results from 6-7 June 2012 Russia held another auction of grains from the intervention fund on 6 June; 60 companies took part in the event. A total 200,022 MT of grain from the 2005, 2008 and 2009 harvests were offered to participants. The total volume of grain purchased was 102,952 MT...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
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.