Russian Grain Markets: 23-27 March 2020 Grain prices on the domestic Russian market kept increasing as exporters are trying to export as much as possible before export limitation is introduced. Meanwhile on the export market, milling wheat average price skyrocketed to $223/MT FOB Black Sea. Purchase prices grew to RUB 15,000-15,200/MT. Feed barley average export price was stable at $178/MTFOB Black Sea, purchase price was also stable at RUB 11,400/MTCPT-port Black Sea. Feed corn average export price grew to $180/MTFOB Black Sea, the average purchase price was stable at RUB 11,100/MTCPT-port Black Sea. GEOGRAPHICALLY: 3rd grade soft milling wheat prices grew in all regions: Southern (+RUB 700/MT), Central (+RUB 185/MT), Black Soil (...
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.