Russian Grain Markets: 7-11 February 2022 Wheat prices on the Russian domestic market continued to decrease (except for Siberia), while feed barley and corn prices grew. the Russian ruble strengthened so EXW wheat prices expressed in the U.S. dollar grew. Meanwhile, export milling wheat average offer price decreased to $315/MT FOB Black Sea. Average purchase price decreased to RUB 15,800/MT CPT-port Black Sea. Feed barley average export price was stable at $292/MT FOB Black Sea; average purchase price decreased to RUB 15,350/MT. Feed corn average price grew to $284/MT FOB Black Sea while average purchase prices remained at RUB 14,500/MT CPT-port. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in the Southern region (-RUB 35...
The corn and soy complex closed higher, with the wheat market mixed, as winter wheat closed up but spring wheat and livestock ended lower. Part of the strength for corn and soybeans may have been a weather premium, as crop planting has started out fast but warm weather has been slow to develop...
Reflect for a moment on what you eat. There is a lot of advice out there in the ether about what you should eat, but really, what do you currently eat and how much? The good people at the USDA have some data for you, to help you answer that question. USDA says that we eat quite a bit of meat. L...
WPI recently completed an expansion of our methodology for estimating and forecasting U.S. and global soybean crushing margins. The new approach incorporates the energy market’s expanding influence on the oilseed sector and the structural changes in global biofuel demand. This report is i...
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.