Russian Grain Markets: 7-11 May 2018 Rising minimal prices on the domestic market, driven in part by high demand from processors and growing prices for processed products, caused average prices to increase. The average milling wheat export price fell $2/MT to $213/MT FOB Black Sea, and purchase prices at seaports dropped (in RUB expression) to $202-205/MT CPT-Black Sea port. Meanwhile, the average feed barley export price decreased $5/MT to $210/MT FOB, while the average purchase price at seaports dropped to $192/MT CPT-Black Sea port. The average corn export price also declined $3/MT to $202/MT FOB Black Sea, but the average purchase price remained the same (in RUB expression) at $188/MT CPT-port. GEOGRAPHICALLY 3rd grade soft milling w...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.