Russian Grain Markets: 18 – 22 November 2024Russian Vice Premier Dmitri Patrushev is confident that Russia will export up to 60 MMT of grains this season. According to Mr. Patrushev, the gross grain production this season will reach 130 MMT in standard weight, of which 83 MMT is wheat. The Vice Premier believes that Russia will be able to sell between 55 and 60 MMT of grains to foreign markets.He believes that the main reason Russia produced a lower crop was adverse weather including frosts in the spring, drought in the summer, and heavy rains at harvest time. However, he is happy with the final result. A week ago, Mr. Patrushev was only confident in producing 130 MMT of grains in bunker weight.Most likely we will see increased exports of w...
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.