Russian Grain Market Overview: 24-28 June 2019 During the week in review, grain domestic prices were still a cocktail of 2018 and 2019 prices while export prices were quoted only for 2019 grains. Export prices for wheat (12.5 percent) grew to $198/MT FOB Black Sea. The average purchase price at CPT-port Black Sea was still within RUB 10,500-10,600/MT. Feed barley average export price remained at $167/MT FOB Black Sea. Purchase prices remained within RUB 8,800-9,000/MT CPT-port Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased most of all in the Volga Valley region (-RUB 840/MT), less - in the Southern region (-RUB 550/MT), in the Central region (-RUB 150/MT), in the Black Soil region (-RUB 270/MT), in the Ura...
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.