Russian Grain Markets: 2-6 April 2018 Domestic grain prices continued to rise in the European part of Russia because of high demand from foreign importers, although the growth was insignificant in USD expression due to weakening of the ruble. Meanwhile, milling wheat export prices averaged $210/MT FOB Black Sea, and purchase prices at seaports grew to $201-205/MT CPT-Black Sea port. The feed barley export price increased to $220/MT FOB, while the purchase price, which increased in RUB expression, was $200/MT CPT-Black Sea port. Corn export prices resumed growing and averaged $205/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices increased in Central (+$1.70/MT), Black Soil, Volga Valley and the South (+$1.30-1.07/MT),...
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.