Russian Grain Market Overview: 17-21 February 2020 Wheat prices on the domestic Russian market started to decrease in the European part of Russia under pressure from global trends, yet the prices in the Asian part of Russia were still increasing. On the export market, prices were mainly decreasing. Milling wheat average price decreased to $220/MT FOB Black Sea. Purchase prices remained within RUB 12,800-13,000/MT. Feed barley average export price decreased to $190/MT FOB Black Sea, purchase prices decreased to RUB 10,750/MT CPT-port Black Sea. The feed corn average export price was stable at $180/MT FOB Black Sea; the average purchase price was stable at RUB 10,800/MT CPT-port Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat...
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.