Ukraine's grain exports reportedly set a new record in 2016/17, and its milling wheat prices started to drop last week on the domestic market due to the growing offer. Meanwhile, as milling rye prices remained stable there, they moved sharply in Russia. Russian Grain Markets: 24-28 July 2017 Market Trends Prices mainly grew in RUB expression as new harvest grain entered the market and demand increased. However, they dropped when expressed in USD due to weakening of the ruble. Milling rye prices fell sharply, however. GEOGRAPHICALLY 3rd grade soft milling wheat prices increased in the South (+$2.00/MT), Volga Valley and Black Soil (+$0.20/MT), Ural and Central (+$0.80-0.90/MT), and Siberia (+$0.20/MT).4th grade soft milling wheat prices...
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.