Russian Grain Markets: 27-30 April 2020 Prices on the domestic grain market continued to grow. Meanwhile on the export market, milling wheat average price decreased to $228/MT FOB Black Sea. Purchase prices decreased to RUB 15,000-15,700/MT. Feed barley average export price grew to $182/MT FOB Black Sea, purchase price decreased to RUB 11,100/MT CPT-port Black Sea. Feed corn average export price decreased to $170/MT FOB Black Sea; the average purchase price decreased to RUB 11,000/MT CPT-port Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in all regions: Black Soil and Central (+RUB 400-420/MT), Southern and Volga Valley (+RUB 65-85/MT), Ural (+RUB 450/MT), and Siberian (+RUB 250/MT); 4th grade soft milling whe...
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.