Russian Grain Markets: 27 September-1 October 2021 Pricing trends of the previous week persisted: wheat and barley domestic prices increased moderately in the European part of Russia and significantly in the Asian part, especially in the Ural region. New harvest domestic corn prices continued to decrease. Export milling wheat average price decreased slightly to $307/MT FOB Black Sea. Average purchase price decreased slightly to RUB 16,400/MT CPT-port Black Sea. Feed barley average export price remained stable at $265/MT FOB Black Sea; average purchase price remained at RUB 15,100/MT. Feed corn average export price increased to $268/MT FOB Black Sea while average purchase price decreased to 14,400/MT CPT-port. GEOGRAPHICALLY 3rd gr...
What You Need to Know Today: Risk-on money flow was present in the markets Thursday with headlines in Iran and the Black Sea driving the move. Russia attacked more of Ukraine’s processing and export facilities, including a Bunge facility near the Black Sea. One of the facilities hit was...
Key Takeaways: The significance of $100-per-barrel crude depends largely on how long prices remain elevated, as sustained high energy costs are more likely to influence longer-term agricultural decisions. Higher crude oil prices raise farm production costs most directly through diesel, while a...
Key Takeaways: Corn and soybean meal markets are tightening together for the first time in more than a year, driven by lower U.S. yield expectations and continued Chinese soybean demand. A strong El Niño is replacing last year’s La Niña, shifting crop risk across the Americ...
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.