Russian Grain Markets: 19-23 August 2019 Domestic wheat prices in the European Part of Russia mainly increased, at different rates in different regions, while wheat prices in Siberia mainly decreased. Corn prices started decreasing in Southern regions as harvesting began. Export prices for wheat (12.5%) decreased to $190/MT FOB Black Sea. The average purchase prices at CPT-port Black Sea decreased to RUB 11,300-11,600/MT. Feed barley average export price remained at $180/MT FOB Black Sea. The average purchase price was also stable at RUB 10,000/MT CPT-port Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in the Central region (+RUB 85/MT), Volga Valley (+RUB 225/MT), and the Black Soil region (+RUB 10/MT). Prices decre...
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.