Russian Grain Markets: 17-21 August 2020 Grain prices on the domestic Russian market didn’t change much in ruble expression but decreased in U.S. dollar expression due to weakening of the ruble. The reasons were ongoing arrival of abundant new harvest along with steady export demand. A slight downward trend may be expected in the future. Domestic wheat prices decreased slightly. Corn prices grew insignificantly, and feed barley prices increased slightly. Meanwhile, on the export market milling wheat average 2020 prices increased to $203/MT FOB Black Sea. The average purchase price remained stable at RUB 13,100-13,300/MT. Feed barley average export price remained at $182/MT FOB Black Sea, while purchase prices decreased to RUB 11,700...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
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.