Russian Grain Markets: 5 – 9 June 2023 The second week of June remained bearish with the fundamental factors remaining the same: lower export duty, weak RUB, high stocks, and low export demand in the Black Sea. Bearish factors prevail, especially high stocks which are pushing farmers to sell for less as new crop prices are not very promising. The government is decreasing export duties; barley has been duty free for two weeks, but it has not helped recover prices to previous levels. Blowing up the Ukrainian dam and hydroelectric power in occupied Kakhovkaa shattered the world’s opinion on wheat and wheat added dollars right away, mostly in the futures market. The spot market in Russia will remain stable and...
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.