Russian Grain Markets: 22-26 April 2019 Domestic grain prices declined or remained stable in RUB expression except for milling rye prices, which rose slightly. However, they all decreased in USD expression due to weakening of the ruble. The average milling wheat export price fell to $219/MT FOB Black Sea, while purchase prices remained stable in RUB expression and decreased in USD expression to $188-190/MT CPT-Black Sea port. The average feed barley export price dropped to $190/MT FOB, but the average CPT-Black Sea port remained stable in RUB expression and decreased in USD expression to $168/MT CPT-Black Sea port. GEOGRAPHICALLY 3rd grade soft milling wheat prices dropped in Central (-RUB 15/MT), Black Soil (-RUB 70/MT), the South (-RU...
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.