Russian Grain Markets: 12-16 August 2019 Domestic prices in the European part of Russia mainly increased, partially because of the limited offer that resulted from many producers trying to determine what offer price to quote amid active demand from exporters and domestic animal feed producers. Meanwhile, those prices dropped in regions of the Asian part of Russia that were switching to 2019 production. The average export price for wheat (12.5 percent protein) fell to $194/MT FOB Black Sea, but the purchase prices grew to RUB 11,500-11,600/MT CPT-port Black Sea. For feed barley, the average export price rose to $180/MT FOB Black Sea, and the average purchase price increased to RUB 10,000/MT CPT-port Black Sea. GEOGRAPHICALLY 3rd grade so...
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
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.