Russian Grain Markets: 6 - 10 February 2023 Russian domestic grain markets remained relatively stable. Feed wheat remains more expensive than barley, corn trading is animated and is slightly bullish on the domestic market but the key driver for corn demand is the export market. Export duties and RUB fluctuations will determine the future of domestic grain trading and as a result pricing. The government let the market know that there will be no more grain interventions in 2023 which means farmers are completely in the hands of the export market now. On 6 February, Ukraine won a GASC feed corn tender for 60,000 MT with February-March delivery which brings Russia’s chances for a bull in the near term even slimmer. Russian...
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.