Russian Grain Markets: 9-12 February 2021 Russian domestic grain prices decreased differently depending on when the export duty was/is going to be introduced and in what amount. (For wheat, it was introduced on 15 February and in two weeks it will double). Meanwhile, export milling wheat average price decreased to $282/MT FOB Black Sea. The average purchase price decreased to RUB 14,500-14,800/MT CPT-port Black Sea. Feed barley average export price remained at $242/MT FOB Black Sea, the average purchase price was stable at RUB 15,600/MT. Feed corn average export price decreased to $263/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices continued to decrease in all regions: Central and Volga Valley (-RUB 235-250/MT...
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.