Russian Grain Markets: 29 July-2 August 2019 Domestic price development was atypical for this time of year with increases in the European part of Russia that usually don’t occur in August. The reason for this was high demand from processors. Meanwhile, the average milling wheat (12.5 percent protein) export price was unchanged at $196/MT FOB Black Sea, but the average purchase price grew to RUB 11,000-11,600/MT CPT-port Black Sea. The average feed barley export and purchase prices rose to $177/MT FOB Black Sea and RUB 10,100/MT CPT-port Black Sea, respectively. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in Ural (-RUB 210/MT) and remained unchanged in Siberia, while they grew in Central and the South (+RUB 300/MT),...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
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.