Russian Grain Markets: 2-6 August 2021 Prices in the domestic Russian grain market grew significantly in all regions of the European part of Russia, mainly due to the growth of export prices. Export milling wheat average price increased to $268/MT FOB Black Sea. Average purchase price increased sharply and amounted to RUB 15,550/MT CPT-port Black Sea. Feed barley average export price grew to $232/MT FOB Black Sea, average purchase price to RUB 13,700/MT. Feed corn average export price grew to $270/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in the Ural region (-RUB 50/MT) and grew in other regions: in the Central (+RUB 650/MT), Black Soil (+RUB 570/MT), Southern (+RUB 915/MT), Volga Valley (+RUB 990/MT)...
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.