Russian Grain Markets: 11-17 September 2013 Harvesting Updates As of 16 September, grain and leguminous crops were harvested on 31.8 million hectares, 69.1 percent of the forecast (2.2 million hectares less than as of the same date in 2012). The volume of the grain produced was 71.1 MMT (8.9 MMT more than as of the same date in 2012) with the average yield of 2.23 MT/hectare (1.83 MT/hectare in 2012). Specifically, wheat was harvested on 17.6 million hectares, 70.1 percent of the target (44.4 MMT produced with the average yield of 2.52 MT/hectare), barley was harvested on 7 million hectares, 77.1 percent of the target (13.9 MMT produced, the average yield of 1.98 MT/hectare) and corn was harvested on 210,700 hectares, 8.6 percent of t...
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.