The Russian Grain Union announced that spring planting costs will rise at least 40 percent compared to 2014 because of certain other increasing expenses. Russian Grain Markets Market Trends: 9-13 February 2015 During the week in review, domestic wheat prices dropped as other grains prices slightly increased. GEOGRAPHICALLY: 3rd grade soft milling wheat prices decreased in Central (-$2.30/MT), Black Soil and the South (-$0.30-0.50/MT), Volga Valley (-$3.30/MT), Ural (-$2/MT) and Siberia (-$0.20/MT).4th grade soft milling wheat prices also went down in Central, the South and Black Soil (-$1-1.50/MT) as well as in Volga Valley and Ural (-$2/MT). They slightly increased in Siberia (+$0.20/MT).5th grade feed wheat prices declined in Central...
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.