Russian Grain Markets: 6 – 10 March 2023 Grain markets lost all hope for any bullishness due to a global bearish mood, export duties, and the upcoming spring planting campaign which requires cash. The grain export potential of Russia this season is tremendous. Sanctions are not making any major impact on grain trading directly, but indirectly insurance, vessel chartering, and lines in Bosporus are hampering export dynamics to certain extent. From the beginning of the season (July 2022), Russia exported 40 MMT of grains. The government is expecting that grain exports may go as high as 60 MMT. From 15 February until the end of the season there is a grain export quota totaling 25.5 MMT. If we are to believe the Russi...
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.