Russian Grain Markets: 22-26 February 2021 Russian domestic grain prices followed the pattern of the previous week. Meanwhile, export milling wheat average price grew to $289/MT FOB Black Sea. The average purchase price amounted to RUB 14,600/MT CPT-port Black Sea. Feed barley average export price was stable at $245/MT FOB Black Sea, the average purchase price was RUB 15,400/MT. Feed corn average export price didn’t change either and amounted to $264/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices kept decreasing: Central region (-RUB 300/MT), Black Soil (-RUB 390/MT), Southern (-RUB 365/MT), Volga Valley and Ural (-RUB 100-130/MT), and Siberia (-RUB 50/MT); 4th grade soft milling wheat prices also decre...
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.