Russian grain prices mostly remained unchanged or grew slightly as Ag Minster Aleksandr Tkachov revised his 2017 grain production forecast on 1 June. Meanwhile, Ukraine's milling wheat prices fell due to two factors. Russian Grain Markets: 29 May-2 June 2017 Market Trends Prices either remained unchanged or grew slightly due to the strengthening of the ruble, but they all showed an increase when expressed in USD. GEOGRAPHICALLY 3rd grade soft milling wheat prices rose in Central and Black Soil (+$0.20/MT) as well as Siberia (+$0.60/MT, but they decreased in the South (-$0.30/MT) while remaining stable in Volga Valley and Ural.4th grade soft milling wheat prices increased slightly in Central, Black Soil and Siberia (+$0.20-0.80/MT), but...
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...
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt’s Ministry of Supply reports that it will begin the sale of imported wheat through the Egyptian Mercantile Exchange. Sales are expected to be mainly to private-sector flour mills and are intended to stabilize wheat and...
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.