Russian Grain Markets: 19-23 March 2018 Domestic feed grain prices continued to rise, primarily due to higher demand from exporters. However, FOB prices stopped growing or even fell slightly. The feed corn price increased enough to overtake 4th grade wheat in many regions of the country. While milling wheat export prices dropped to $208/MT FOB Black Sea, purchase prices at sea ports climbed to $193-197/MT CPT-Black Sea port. Feed barley export prices remained stable at $216/MT FOB, but CPT-Black Sea port purchase prices grew to $197/MT. The average corn export price was stable at $202/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices remained stable in Central and Black Soil while growing in the South (+$2.00/MT), Vol...
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.