Russian Grain Markets: 29 April-3 May 2019 There were only two working days during the week in review, but prices mostly followed a downward trend during that period. The average milling wheat export price fell to $210/MT FOB Black Sea, and the average purchase price declined to $187/MT CPT-Black Sea port. Meanwhile, the average feed barley export price dropped to $188/MT FOB, but the average purchase price was stable at $168/MT CPT-Black Sea port. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in Central and the South (-RUB 85/MT) as well as Black Soil (-RUB 20-30/MT), but they remained unchanged in other regions. 4th grade soft milling wheat prices fell in Central (-RUB 50/MT) and other regions (-RUB 15-20/MT). 5th gra...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
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.