Russian Grain Markets: 29 June-3 July 2020 Harvesting was in progress and in the South and Volga Valley regions prices decreased. Yet, the decrease is not significant as the average yield so far has been lower than in 2019. For export market milling wheat, average 2020 yield price decreased to $199/MT FOB Black Sea. The average purchase price for 2020 wheat grew to RUB 12,500-12,700/MT. 2020 feed barley average export price remained at $175/MT FOB Black Sea, purchase price decreased to RUB 10,700/MT CPT-port Black Sea. Feed corn average export price remained at $182/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in all regions: Southern (-RUB 820/MT ), Volga Valley (-RUB 325/MT), Central and Black So...
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.