Russian Grain Markets: 1-5 November 2021 The Russian grain market was very slow due to nationwide holidays. Export milling wheat average offer price grew to $332/MT FOB Black Sea. Average purchase price grew to RUB 16,350/MT CPT-port Black Sea. Feed barley average export price grew to $286/MT FOB Black Sea; average purchase price remained unchanged at RUB 14,750/MT. Feed corn average decreased to $275/MT FOB Black Sea while average purchase price was stable at 14,600/MT CPT-port. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in the Southern region (+RUB 65/MT), Black Soil (+RUB 10/MT), Ural (+RUB 200), and in Siberia (+RUB 135/MT), but decreased in the Central region (-RUB 15/MT), and the Volga Valley (-RUB 35/MT); 4th grade s...
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.
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...