Russian Grain Markets: 16-20 March 2020 Grain prices on the domestic Russian market kept increasing in ruble expression but dropped in dollar expression as the ruble weakened significantly. Meanwhile on the export market, milling wheat average price grew to $210/MT FOB Black Sea. Purchase prices grew to RUB 14,400-14,800/MT. Feed barley average export price decreased to $178/MT FOB Black Sea; purchase price grew to RUB 11,400/MT CPT-port Black Sea. Feed corn average export price decreased to $172/MT FOB Black Sea; the average purchase price grew to RUB 11,100/MT CPT-port Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in all regions: Southern (+RUB 350/MT), Central (+RUB 200/MT), Black Soil and Ural (+RUB 140/MT)...
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.