Russian Grain Markets: 6-10 April 2020 Wheat prices on the domestic Russian market increased in the European part of Russia but decreased in Siberia. Meanwhile on the export market, milling wheat average price remained at $225/MT FOB Black Sea. Purchase prices decreased to RUB 15,400-15,600/MT. Feed barley average export price was stable at $178/MT FOB Black Sea, purchase price slightly grew to RUB 11,650/MT CPT-port Black Sea. Feed corn average export price decreased to $178/MT FOB Black Sea, the average purchase price decreased to RUB 11,100/MT CPT-port Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices slightly grew in Black Soil and Volga Valley regions (+RUB 20/MT), and in Ural (+RUB 50/MT), remained unchanged in Ce...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
Inflation is back in the driver’s seat, and agriculture is getting pulled in two directions. A stronger dollar is pressuring grains despite fresh Chinese buying, while renewed Middle East attacks lift crude oil. Higher energy prices can support commodities, but they also raise expenses an...
Regional News European grocery stores have been targeted by cybersecurity attacks this week, with major retailers in France and the Netherlands affected. In France, major grocers, including Carrefour, Intermarché, and Coopérative U, all suffered attacks in which freezer and...
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.