Russian grain markets again followed the trends of previous weeks as milling grain prices continued to grow. Meanwhile, Russia exported 354,700 MT of grain via seaport during 24-30 October 2016 as Ukraine's total was 851,500 MT for the same period. Russian Grain Markets: 24-28 October 2016 Market Trends The markets again followed the trends of previous weeks as milling grain prices continued to grow. GEOGRAPHICALLY 3rd grade soft milling wheat prices increased in Central (+$2.40/MT), Black Soil (+$1.30/MT), Volga Valley (+$0.20/MT), the South (+$0.20/MT), Ural (+$1.20/MT) and Siberia (+$2.60/MT).4th grade milling wheat prices dropped in Volga Valley (-$1.10/MT) but were stable in Siberia. Meanwhile, they grew in Central (+$2/MT), Black...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
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.