Russian Grain Markets: 23-27 September 2019 Domestic Russian grain prices fluctuated insignificantly in ruble expression, except for corn prices which declined rapidly. Milling wheat export prices grew to $189/MT FOB Black Sea. The average purchase price grew to RUB 11,350/MT. Feed barley average export price grew to $178/MT FOB Black Sea, while average purchase price increased to RUB 10,100/MT CPT-port Black Sea. Corn average export price grew to $162/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices increased in the Central region (+RUB 15/MT), the Southern region and in Siberia (+RUB 100/MT), but decreased in the Black Soil, Volga Valley and Ural regions (-RUB 15-30/MT). 4th grade soft milling wheat pri...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
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.