Russian Grain Markets: 18-22 March 2019 Prices on the domestic market again declined in RUB expression but moved in different directions in USD expression. Meanwhile, the average milling wheat export price rose $4/MT to $228/MT FOB Black Sea, while purchase prices remained unchanged in RUB expression but grew in USD expression to $200-202/MT CPT-Black Sea port. Feed barley’s average export price fell to $208/MT FOB, and the average CPT-Black Sea port increased to $174/MT CPT-Black Sea port. GEOGRAPHICALLY 3rd grade soft milling wheat prices remained stable in Volga Valley and the South. However, they decreased in Ural (-$0.30-0.50/MT), Black Soil (-$0.70/MT), and Central and Siberia (-$0.60/MT). 4th grade soft milling wheat price...
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.