Feed wheat and feed barley FOB offer prices decreased in Ukraine but remained steady in other terms of trade. Meanwhile, milling wheat bid prices grew on the export market, although they otherwise remained stable. However, one factor may cause domestic prices to increase in the near future. Russian Grain Markets Market Trends 10-14 October 2016 Milling grain prices increased as those for feed grains continued to drop. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in Central and the South (+$1.50/MT), Black Soil, Volga Valley and Ural (+$1.80-2.00/MT), and Siberia (+$0.50/MT).4th grade milling wheat prices were stable in Central and Ural, but they increased in the South and Volga Valley (+$0.05/MT) while dropping in Black Soi...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
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.