Russian Grain Market: 9-13 March 2020 Grain prices on the domestic Russian market increased in ruble expression but dropped in dollar expression as the ruble weakened significantly. Meanwhile, the export market milling wheat average price decreased to $207/MT FOB Black Sea. Purchase prices grew to RUB 13,600-13,800/MT. Feed barley average export price remained at $182/MT FOB Black Sea, purchase price grew to RUB 11,100/MT CPT-port Black Sea. Feed corn average export price decreased to $175/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 prices grew in all regions: Southern (+RUB 550/MT), Central (+RUB 260/MT), Black Soil and Volga Valley (+RUB...
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.