Russian Grain Markets: 21-25 October 2019 Domestic Russian grain (excluding corn) prices kept growing at a higher rate than the previous week. Specifically, in Siberia there was a significant increase in prices due to active demand from Kazakhstan. Milling wheat export prices grew to $210/MT FOB Black Sea. Purchase prices grew to RUB 12,800-12,900/MT. Feed barley average export price grew to $186/MT FOB Black Sea while average purchase price remained at RUB 10,600/MT CPT-port Black Sea. Corn average export price grew to $168/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in all regions: Central (+RUB 200/MT), Black Soil (+RUB 130/MT), Southern (+RUB 380/MT), Volga Valley, Ural (+RUB 175-190/MT) and...
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.