Russian Grain Markets: 2-6 December 2019 Domestic Russian milling rye prices grew sharply. Milling and feed wheat prices also increased, but at a moderate rate. As for export prices, the average milling wheat price grew to $212MT FOB Black Sea. Purchase prices grew to RUB 12,500-12,700/MT. Feed barley average export price grew to $188/MT FOB Black Sea, purchase was dropped to RUB 10,500/MT CPT-port Black Sea. Corn average export price was stable at $168/MT FOB Black Sea, the average purchase price didn’t change either: RUB 9,000/MT CPT-port Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in the Central region (+RUB 100MT), Black Soil (+RUB 130MT), Southern (+RUB 85MT), Volga Valley (+RUB 200MT), and Ural&nb...
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.