Russian Grain Markets: 5 - 9 October 2020 Russian domestic market prices for wheat and barley kept growing and corn prices also grew significantly. Export milling wheat average prices grew to $246/MT FOB Black Sea. The average purchase price grew to RUB 17,500 /MT. Feed barley average export price grew to $205/MT FOB Black Sea, while purchase price increased to RUB 14,600/MT CPT-port Black Sea. New harvest feed corn average export price increased to $207/MT FOB Black Sea. GEOGRAPHICALLY: 3rd grade soft milling wheat prices grew in all regions, most of all in the Central region (+RUB 780/MT), but also in Black Soil (+RUB 490/MT), Southern (+RUB 435/MT), Volga Valley (+RUB 340/MT), Siberia (+RUB 265/MT), and Ural (+RUB 150/MT); 4th...
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.