Russian Grain Markets: 6-10 May 2019 Domestic prices were either stable or decreased moderately. Meanwhile, changes on the export market were more significant. Quotes for 2019 12.5 percent protein wheat were within $182-186/MT FOB Black Sea, which makes the current average price for 2018 wheat ($205/MT FOB) too high for trade. The average purchase price decreased to $184-185/MT CPT-Black Sea port, but trade is also sluggish. The average feed barley export price dropped to $182/MT FOB, but the average purchase price was stable at $162/MT CPT-Black Sea port. GEOGRAPHICALLY 3rd grade soft milling wheat prices were unchanged in Central, the South and Black Soil. However, they decreased in Volga Valley and Siberia (-RUB 30/MT) as well as Ural...
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.