Russian Grain Markets: 6-10 January 2020 Milling and feed wheat prices on the domestic Russian market changed insignificantly. Meanwhile, milling rye prices skyrocketed and feed corn prices showed moderate growth. On the export market we witnessed an upward trend, mainly after the Egypt tender. Thus, the average milling wheat price grew to $222/MT FOB Black Sea. Purchase prices decreased to RUB 12,500-12,600/MT. Feed barley average export price grew to $186/MT FOB Black Sea, purchase prices remained unchanged at RUB 10,500/MT CPT-port Black Sea. Corn average export price grew to $178/MT FOB Black Sea, the average purchase price didn’t change: RUB 9,000/MT CPT-port Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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.