Russian Grain Markets: 10-14 May 2021 Corn, barley, and wheat prices on the domestic market continued to grow while rye prices decreased. Apart from the global trends, there’s a domestic factor that contributed to the price growth: colder weather conditions 2021 resulting in delayed harvesting and processors accumulating larger stocks of grain than previous years. Meanwhile, export milling wheat average price decreased to $274/MT FOB Black Sea. The average purchase prices grew to RUB 15,500/MT CPT-port Black Sea. Feed barley average export price decreased to $242/MT FOB Black Sea, the average purchase price grew to RUB 16,200/MT. Feed corn average export price decreased to $278/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft...
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.