Russian Grain Market Overview, 2-6 September 2019 Domestic Russian grain prices followed the same pattern as one week before. Milling wheat export prices decreased to $184/MT FOB Black Sea. The average purchase price decreased to RUB 11,200/MT. Feed barley export prices decreased to $176/MT FOB Black Sea while average purchase prices remained stable at RUB 10,000/MT CPT-port Black Sea. Corn export prices decreased to $163/MT FOB Black Sea. Harvest Update As of 9 September, 93.3 MMT of grains were harvested from 32.8 million hectares including 65.5 MMT of wheat harvested from 20.8 million hectares and 18.6 MMT of barley harvested from 7.2 million hectares. 782,900 MT of corn was harvested from 163,200 hectares. 1.6 MMT of sunflower...
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.