Domestic prices on the Ukrainian grain market fluctuated insignificantly last week. Some traders continued raising bid prices for wheat without changing the general range. While pricing for most grains remained stable, corn prices started decreasing in reaction to the downward trend on that global market. Russian Grain Markets Market Trends: 4-8 April 2016 Grain prices continued to decrease on the Russian market, most significantly for milling wheat and corn. GEOGRAPHICALLY 3rd grade soft milling wheat prices declined in Black Soil (-$2.50/MT), Volga Valley and Ural (-$1.80-2/MT), and the South (-$1/MT). They grew in Central (+$0.20/MT).4th grade milling wheat prices decreased in the South (-$1/MT) as well as Volga Valley and Ural (-$1...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.