Russian Grain Markets: 30 August-3 September Prices for grain crops in the Russian domestic market mainly increased. Export prices increased but so did the wheat export duty. On the one hand exporters limited offer waiting for a further increase of export prices, but on the other hand they decreased purchasing prices for wheat because of the duty. Thus, export milling wheat average price increased to $302/MT FOB Black Sea. Average purchase price decreased to RUB 16,350/MT CPT-port Black Sea. Feed barley average export price remained at $260/MT FOB Black Sea; average purchase price dropped to RUB 15,200/MT. Feed corn average export price remained stable at $272/MT FOB Black Sea. Geographically: 3rd grade soft milling wheat prices decreas...
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.