Russian Grain Markets: 11-15 May 2020 Milling and feed wheat prices as well as corn prices kept growing in the domestic grain market while feed barley prices decreased. Meanwhile, on the export market, milling wheat average price decreased to $224/MT FOB Black Sea. Purchase prices decreased to RUB 14,800/MT. The new (2020) yield wheat prices were quoted within $195-197/MT FOB (and RUB 12,500-13,000/MT – purchase prices CPT-port Black Sea). Feed barley average export price decreased to $180/MT FOB Black Sea, purchase price decreased to RUB 10,900/MT CPT-port Black Sea. Feed corn average export price grew to $175/MT FOB Black Sea, the average purchase price also grew and amounted to RUB 11,400/MT CPT-port Black Sea. GEOGRAPHICAL...
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.