Russian Grain Markets: 30 November-4 December 2020 Russian domestic market wheat prices moved in different directions, but the changes were moderate. Processors wanted to accumulate sufficient stocks of raw materials before the holiday season and create demand, while traders decreased their demand expecting to stagnate in the near future. Feed barley and feed corn prices either grew or remained unchanged. Meanwhile, export milling wheat average price decreased to $255/MT FOB Black Sea. The average purchase price decreased to RUB 17,400-17,800 /MT. Feed barley average export price remained at $217/MT FOB Black Sea, the average purchase price was also stable at RUB 14,800/MT CPT-port Black Sea. New harvest feed corn average export pri...
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.