Russian Grain Markets: 30 October-5 November 2013 Planting Updates As of 31 October, Russian farmers planted winter grain crops for the 2014 harvest on 14 million hectares. Grain Market Interventions A regular stock exchange trading was held within the context of grain market intervention in Russia on 6 November. The Intervention Fund purchased 59,940 MT of grains, the entire offered volume.From the beginning of the stock exchange trading (15 October), the Intervention Fund purchased 235,170 MT of grains for the total amount of RUB 1.413 billion. Market Trends: 28 October-1 November 2013 The domestic grain market trends began to change. GEOGRAPHICALLY: 3rd grade soft milling wheat prices slightly decreased in the South. They inc...
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.