Russian Grain Markets: 20-24 August 2018 Milling wheat prices once again continued to rise in the European part of Russia, although it was at a slower rate. Also, due to weakening of the ruble, the development of prices during the week in review was actually negative. Feed wheat prices fell in both RUB and USD expression. Milling wheat export prices dropped $2/MT to $228/MT FOB Black Sea. Meanwhile, purchase prices at seaports increased in RUB expression but decreased in USD expression and amounted to $188-193/MT CPT-Black Sea port. The average feed barley export price fell to $230/MT FOB, and the average purchase price at seaports remained stable in RUB expression but fell in USD expression to $188/MT CPT-Black Sea port. GEOGRAPHICALLY...
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.