Russian Grain Markets: 25-29 January 2021 Prices generally decreased in the Russian domestic grain market. This trend was expected as 15 February, the date of the first imposition of the wheat export duties (€25/MT), is fast approaching. The market is currently experiencing an export boom with more than 3.3 MMT of wheat exported in January alone. This trend is likely to continue into the first two weeks of February. The only exception was export barley prices which kept growing due to high demand. Meanwhile, export milling wheat average prices decreased to $295/MT FOB Black Sea. The average purchase prices decreased to RUB 16,200-17,200/MT CPT-port Black Sea. Feed barley average export prices grew to $232/MT FOB Black Sea, the average...
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.