Russian Grain Markets: 16-20 July 2018 The domestic grain market was dominated by new crop production. Although harvesting in many regions was interrupted by rains, most of the grains sold in Black Sea and Volga Valley were harvested this year. The difference between the old and new crop prices is not that significant this year due to growing export prices. Milling wheat export prices rose +$6.00/MT to $208/MT FOB Black Sea, and purchase prices at seaports increased in RUB expression to $165-170/MT CPT-Black Sea port. The average feed barley export price grew +$7.00/MT to $207/MT FOB, and the average CPT-Black Sea port price grew in RUB expression but decreased in USD expression to $168/MT. GEOGRAPHICALLY 3rd grade soft milling wheat pr...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Dry bulk markets were volatile but ultimately steady this week with notable differences in rate developments across vessel classes. The Capesize sector, which led the recent rally in freight rates with its dramatic surge, pulled back slightly amid more cautious chartering activity, partic...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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.