Russian Grain Markets: 6-10 December 2021 Russian grain market wheat prices continue to decrease. Export milling wheat average offer price decreased to $336/MT FOB Black Sea. Average purchase price decreased to RUB 16,800/MT CPT-port Black Sea. Feed barley average export price decreased to $288/MT FOB Black Sea; average purchase price remained stable at RUB 16,100/MT. Feed corn average price decreased to $272/MT FOB Black Sea while average purchase price dropped to RUB 13,300-14,000/MT CPT-port. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in all regions: Central and Siberia (-RUB 65/MT), Southern and Black Soil (-RUB 15-20/MT), Volga Valley (-RUB 75/MT), and Ural (-RUB 40/MT); 4th grade soft milling wheat prices also de...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.