Russian Grain Markets: 27-31 August 2018 Grain prices were mainly on an upward trend as sellers limited offer. Milling wheat export prices fell $3/MT to $225/MT FOB Black Sea, and purchase prices at seaports again increased in RUB expression but decreased in USD expression to $186-191/MT CPT-Black Sea port. The average feed barley export price rose to $235/MT FOB, and the average CPT-Black Sea port price increased to $189/MT. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in Central and Volga Valley (+$0.80-1.30/MT), the South and Black Soil (+$2.70-3.20/MT), Siberia (+$2.30/MT), and Ural (+$8.30/MT). 4th grade soft milling wheat prices rose in Central (+$0.50/MT), Black Soil and Volga Valley (+$3.60/MT), and Ural (+$2.7...
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...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.