Ukraine's domestic feed corn prices declined as a result of the stronger UAH, larger offer and lower export offer prices. Meanwhile, prices at the Ukrainian Black Sea (UBS) ports dropped to $155-170/MT CPT-port. FOB offer prices decreased to $165-170/MT. Russian Grain Markets Planting Update Spring crops were planted on 241,700 hectares as of 4 March 2016. Market Trends: 29 February-4 March 2016 Grain prices at the Russian market decreased in RUB expression during the week in review, while they mainly grew in USD expression due to strengthening of the ruble. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in Black Soil (-$0.80/MT), the South (-$0.60/MT), Central (-$0.50/MT), and Volga Valley and Siberia (-$0.20/MT), but...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
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.