Russian Grain Markets: 22-26 October Domestic grain prices continued to rise except for corn as well as milling rye in some regions. However, the rate of growth was slower than the previous week due to a slight downward trend on the export market. Milling wheat export prices fell $1/MT on average to $232/MT FOB Black Sea, and purchase prices at seaports decreased in RUB expression but remained stable in USD expression at $200/MT CPT-Black Sea port. Feed barley export prices dropped $1/MT to average $237/MT FOB, but the average purchase price grew to $205/MT CPT-Black Sea port. Corn export prices decreased to an average $183/MT FOB. GEOGRAPHICALLY 3rd grade soft milling wheat prices rose in Central and Siberia (+$1.80-2.00/MT), the South...
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.