Turkey's introduction of import duties on certain goods from Russia has driven the latter to a nearby, alternate source for sunflower oil. Meanwhile, Ukraine significantly increased its imports of nitrogen mineral fertilizers from Russia during January-February. Russian Grain Markets: 20-24 March 2017 Market Trends Prices continued to fall due to domestic factors as well as Turkey’s introduction of import duties for some goods of Russian origin, including wheat. GEOGRAPHICALLY 3rd grade soft milling wheat prices kept dropping in Black Soil and Central (-$6.40-6.90/MT), the South (-$2.00/MT), Ural and Volga Valley (-$2.60-2.70/MT), and Siberia (-$4.30/MT).4th grade soft milling wheat prices also decreased in Siberia (-$4.20/MT), Central...
Beef packer margins improved to -$130/head last week, up $44 from the prior week as sharply lower fed cattle prices more than offset continued seasonal weakness in the Choice cutout. The cutout declined to $373/cwt while fed cattle prices fell to $238/cwt, allowing packer spreads to recover for...
What You Need to Know Today: The conflict between the U.S. and Iran continues to escalate with the two sides exchanging attacks over the weekend. President Trump said Iran “will pay” for recent attacks that claimed the lives of U.S. troops stationed in Jordan. There are some signs...
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.