Russian Grain Markets: 25-29 March 2019 The average grain prices on the domestic market continued to drop in RUB expression for the most part. However, the decrease in USD expression was more significant due to weakening of the ruble. The average milling wheat sea export price fell $2/MT to $226/MT FOB Black Sea, and the purchase prices grew in RUB expression but decreased in USD expression to $199-200/MT CPT-Black Sea port. The average feed barley export price dropped to $206/MT FOB, while the purchase price was within $169-174/MT CPT-Black Sea port. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in Volga Valley, Central and the South (-RUB 65/MT), Black Soil (-RUB 110/MT), and Siberia and Ural (-RUB 115/MT). 4th grade s...
What You Need to Know Today: Brazilian President Luiz Inácio Lula da Silva secured reelection on Sunday, defeating right-wing Senator Flávio Bolsonaro despite trailing in the first round of voting. The surprise victory triggered a sharp selloff in Brazilian financial market...
The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...
Key Takeaways: Total U.S. crop acres (excluding hay) are forecast to expand fractionally this year due to greater oilseed crop and winter wheat plantings. One of the key drivers of this year’s crop outlook is input costs, and crops with a lower cost profile have an advantage in producers...
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.