Russian Grain Markets, 18-22 January 2021 The Russian domestic market prices followed the same pattern as the week before with little movement, increasing mainly in the southern region. The updated grain export duties order was signed on 23 January and the market hasn’t yet reacted to the change. Meanwhile, export milling wheat average price grew to $302/MT FOB Black Sea. The average purchase price range remained high: RUB 18,000-18,500/MT. Feed barley average export price grew to $228/MT FOB Black Sea, the average purchase price remained at RUB 15,100/MT CPT-port Black Sea. Feed corn average export price grew to $262/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in the Central region (-RUB 85...
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.