Russian Grain Markets: 23-27 November 2020 The Russian domestic market wheat prices followed the trends of the previous week decreasing in southern regions and moderately growing in others. Barley and corn prices continued to grow. Meanwhile, export milling wheat average price grew to $256/MT FOB Black Sea. The average purchase prices were stable within RUB 17,700-17,900 /MT. Feed barley average export price remained at $217/MT FOB Black Sea, while the average purchase price grew to RUB 14,800/MT CPT-port Black Sea. New harvest feed corn average export price decreased to $236/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in the Southern region (-RUB 135/MT) but kept growing in Central and Black Soil...
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.