Russian Grain Markets: 16-20 April 2018 Prices continued to grow due to devaluation of the ruble, which began 6 April, and rising export prices. The price increases were mainly in the European part of Russia with insignificant changes in Siberia and Ural. The average milling wheat export price rose to $215/MT FOB Black Sea, and purchase prices at the seaports increased to $207-212/MT CPT-Black Sea port. Feed barley export prices were stable at an average $220/MT FOB, while the CPT-Black Sea port price grew (in RUB expression) to $207/MT. The average corn export price remained at $206/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in the South (+$11.40/MT), Volga Valley (+$5.30/MT), Central (+$3.80/MT), Black S...
What You Need to Know Today: Brazilian President Luiz Inácio Lula da Silva secured reelection on Sunday, defeating right-wing Senator Flávio Bolsonaro despite trailing in the first round of voting. The surprise victory triggered a sharp selloff in Brazilian financial market...
The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...
Key Takeaways: Total U.S. crop acres (excluding hay) are forecast to expand fractionally this year due to greater oilseed crop and winter wheat plantings. One of the key drivers of this year’s crop outlook is input costs, and crops with a lower cost profile have an advantage in producers...
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.