Russian Grain Markets: 24-28 September 2018 Prices moved in different directions during the week in review, but the average prices increased, especially in USD expression due to strengthening of the ruble. While milling wheat export prices grew $8/MT to $230/MT FOB Black Sea, purchase prices at seaports remained stable in RUB expression but rose in USD expression to $193.5/MT CPT-Black Sea port. The average feed barley export price remained at $236/MT FOB, and the average CPT-Black Sea port price was stable in RUB expression but increased in USD expression to $201/MT. The average corn export price grew to $188/MT FOB. GEOGRAPHICALLY 3rd grade soft milling wheat prices increased in Central and Black Soil (+$0.10-0.50/MT), the South (+$4...
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...
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.