Russian Grain Markets: 2–9 February 2024 The market remained bearish following the global bearish trend, huge stocks, and growing export duties. It’s not clear why the government would continue raising export duties in a bearish export market. The case with the feed barley duty makes it clear a decrease in the export duty helps. In the Black Sea region, Russia’s only rival for feed barley is Ukraine which is now struggling with exporting excessive corn stocks and is unlikely to harm Russia’s barley dominance in the region. At least not this season. Russia has been quite strong in the global grain markets during 2023/24 and this season may become Russia’s record-breaking year as the export forecast is al...
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.