Russian Grain Markets: 27-31 January 2020 Grain prices on the domestic Russian market kept growing as exporters needed grain to fulfill their obligations on contracts signed earlier. Export milling wheat average price decreased to $230/MT FOB Black Sea. Purchase prices increased to RUB 13,300-13,400/MT. Feed barley average export price meanwhile grew to $194/MT FOB Black Sea, purchase prices increased to RUB 10,800/MT CPT-port Black Sea. Feed corn average export price remained at $184/MT FOB Black Sea, the average purchase price increased to RUB 10,550/MT CPT-port Black Sea. Geographically 3rd grade soft milling wheat prices grew in the Central and Southern regions (+RUB 200-215/MT), Black Soil and Ural (+RUB 110-125/MT), Volga Val...
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...
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.