Russian Grain Markets: 3-7 May 2021 Corn, barley, and wheat prices on the domestic market grew following global trends. The export milling wheat average price grew to $276/MT FOB Black Sea. The average purchase price grew to RUB 15,600/MT CPT-port Black Sea. Feed barley average export price grew to $248/MT FOB Black Sea; the average purchase price grew to RUB 16,100/MT. Feed corn average export price skyrocketed to $286/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in the Central and Ural regions (+RUB 25-30/MT), Black Soil and Southern (+RUB 100-115/MT), Volga Valley (+RUB 75/MT), and Siberia (+RUB 50/MT); 4th grade soft milling wheat prices also grew in all regions: Central and Southern (+RUB 50-65/MT), Vol...
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.