Russian Grain Markets: 17-21 December 2018 Domestic prices for milling and feed wheat as well as corn continued to rise in RUB expression but decrease in USD expression. However, those for milling rye and feed barley remained stable in RUB expression while also declining in USD expression. The average milling wheat export price grew +$2/MT to $238/MT FOB Black Sea, and purchase prices at seaports increased in RUB expression but decreased in USD expression to $201-205/MT CPT-Black Sea port. The average feed barley export price fell to $238/MT FOB, and the average CPT-Black Sea port dropped to $203/MT. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in Volga Valley (+$1.20/MT), the South (+$0.50/MT), Central and Siberia (+$2.20-2...
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.