Russian Grain Markets: 25 December 2017-10 January 2018 Market Trends Market activity was slow with insignificant changes in prices. Key grain prices either grew slightly or remained unchanged in RUB, and they all increased slightly in USD due to strengthening of the ruble. On the export market, milling wheat prices rose +$2/MT to $192/MT FOB Black Sea. The range of purchase prices at seaports remained unchanged at $175-189/MT CPT-Black Sea port. Feed barley prices amounted to $192/MT FOB Black Sea and $181/MT CPT- Black Sea port. Corn prices remained at $166/MT FOB Black Sea and $143/MT CPT-port Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices rose in the South and Volga Valley (+$ 0.20/MT) as well as Ural (...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.