Russian Grain Markets: 23-27 September 2019 Domestic Russian grain prices fluctuated insignificantly in ruble expression, except for corn prices which declined rapidly. Milling wheat export prices grew to $189/MT FOB Black Sea. The average purchase price grew to RUB 11,350/MT. Feed barley average export price grew to $178/MT FOB Black Sea, while average purchase price increased to RUB 10,100/MT CPT-port Black Sea. Corn average export price grew to $162/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices increased in the Central region (+RUB 15/MT), the Southern region and in Siberia (+RUB 100/MT), but decreased in the Black Soil, Volga Valley and Ural regions (-RUB 15-30/MT). 4th grade soft milling wheat pri...
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.