Russian Grain Markets: 9-13 November 2020 The increase in Russian domestic wheat prices slowed while barley and corn prices continued to grow. Export milling wheat average price was stable at $257/MT FOB Black Sea. The average purchase price range narrowed to RUB 17,900-18,100/MT. Feed barley average export price decreased to $215/MT FOB Black Sea, while the average purchase price remained at RUB 14,800/MT CPT-port Black Sea. New harvest feed corn average export price grew to $237/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew: more in the Central region (+RUB 260/MT) and in Siberia (+RUB 200/MT), less in the Black Soil region (+RUB 80/MT), Southern and Volga Valley (+RUB 15/MT), and Ural (+RUB 25/MT); 4...
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.