Russian Grain Markets: 8-12 November 2021 Russian grain market prices moved in different directions and changed insignificantly. Export duties continued to grow. Export milling wheat average offer price grew to $338/MT FOB Black Sea. Average purchase price grew to RUB 16,650/MT CPT-port Black Sea. Feed barley average export price grew to $296/MT FOB Black Sea; average purchase price remained unchanged at RUB 14,750/MT. Feed corn average grew to $276/MT FOB Black Sea while average purchase price was stable at 14,600/MT CPT-port. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in the Central region (-RUB 15/MT), grew in the Southern and Black Soil regions (+RUB 35-40/MT), the Volga Valley and Ural (+RUB 75-85/MT), and in Siber...
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.