Russian Grain Markets: 21-25 May 2018 The average milling wheat export price remained stable at $212/MT FOB Black Sea, and purchase prices at seaports were also steady at $200-204/MT CPT-Black Sea port. Meanwhile, 2018 wheat prices averaged $205/MT FOB. The average feed barley export price fell $1/MT to $205/MT FOB, and the average purchase price was $187/MT CPT-Black Sea port. The average corn export price again dropped $2/MT to $198/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices fell in the South (-$1.10/MT) but grew in Central and Black Soil (+$3.40-4.00/MT), Volga Valley and Ural (+$4.70-4.90/MT), and Siberia (+$12.70/MT). 4th grade wheat prices remained unchanged in the South but increased in Central and Black...
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.