Russian Grain Markets: 13-17 May 2019 Prices on the domestic market either dropped or remained stable in RUB expression but increased for some crops in USD expression due to the stronger ruble. Export prices for 2019 wheat (12.5 percent protein content) and 2018 wheat grew to $184-187/MT FOB Black Sea and $207/MT FOB, respectively, but there was hardly any trade. The average feed barley average export price fell to $180/MT FOB, while the average CPT-Black Sea port price was stable in RUB expression but increased in USD expression to $164/MT. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in Central and Ural (-RUB 65/MT), Volga Valley and Black Soil (-RUB 120/MT), the South (-RUB 250/MT), and Siberia (-RUB 150/MT). 4th gra...
What You Need to Know Today: Oil prices extended their rally Tuesday as disruptions to global supplies intensified. Saudi Arabia halted crude loadings at its Yanbu Red Sea port following the shutdown of the East-West Pipeline, while protests by oil-sector security workers forced the suspension...
The USDA has lowered its 2026 red meat production forecasts while leaving poultry almost unchanged. Beef is now projected at 24.877 billion pounds, 90 million pounds below August on slower Q3 fed cattle slaughter and lighter dressed weights, along with an anticipated counterseasonal cutback in...
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt’s grain imports have fallen off in recent weeks due to several reasons, according to local experts — large imports of maize earlier in the year built up good stocks, while the availability of local maize has sinc...
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.