Russian Grain Markets: 13 – 17 March 2023 The feature of the week was the UN grain corridor which has been extended but on contradictory terms. Ukraine announced a 120-day extension while Russian officials claim the extension is only valid for another 60 days. The Russian side is unhappy that Ukraine can continue shipping grains – especially wheat which is in direct competition with Russia on global markets. Russia claims there is more grain going to the EU than to Africa. Russia is also claiming that 70 vessels which were going to Ukraine were smuggling illegal goods, however, no proof was presented to the public. Russian officials said that Russia failed to achieve the results which they were hoping for fro...
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.