Russian Grain Markets: 10-14 September 2018 Feed barley prices grew significantly, but other grain prices either increased slightly or remained stable due to strengthening of the ruble. However, all prices rose moderately in USD expression. Milling wheat export prices fell $1/MT to $220/MT FOB Black Sea, while purchase prices at seaports remained stable in RUB expression but grew in USD expression to $188/MT CPT-Black Sea port. The average feed barley export price climbed $1/MT to $236/MT FOB, and the average CPT-Black Sea port price increased to $193/MT. First prices quoted for the new harvest corn averaged $184/MT FOB. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in Central (+$0.20/MT), Ural, Black Soil and the Sout...
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.