Ukraine's milling wheat prices fell across both the domestic and export markets for several reasons, a trend followed by its feed wheat prices. Meanwhile, Turkey has introduced a limit on certain imports from Russia. Russian Grain Markets: 15-19 May 2017 Market Trends Grain prices on the Russian market fluctuated quite insignificantly with the largest decrease, (-$0.70/MT), registered in the average corn price. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in Central, Ural and the South (+$0.20/MT), but they decreased in Volga Valley and Black Soil (-$0.20-0.40/MT) while remaining steady in Siberia.4th grade soft milling wheat prices rose in Central (+$0.90/MT) and Volga Valley (+$0.20/MT), but they remained stable in o...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
Beef packer margins declined to $190/head last week, down $32 from the prior week as the Choice cutout weakened while fed cattle prices remained steady. The cutout fell $2.56/cwt to $373/cwt while fed cattle prices held near $220/cwt, narrowing packer spreads after several weeks of improvement...
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.