Russian Grain Markets: 6-10 April 2020 Wheat prices on the domestic Russian market increased in the European part of Russia but decreased in Siberia. Meanwhile on the export market, milling wheat average price remained at $225/MT FOB Black Sea. Purchase prices decreased to RUB 15,400-15,600/MT. Feed barley average export price was stable at $178/MT FOB Black Sea, purchase price slightly grew to RUB 11,650/MT CPT-port Black Sea. Feed corn average export price decreased to $178/MT FOB Black Sea, the average purchase price decreased to RUB 11,100/MT CPT-port Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices slightly grew in Black Soil and Volga Valley regions (+RUB 20/MT), and in Ural (+RUB 50/MT), remained unchanged in Ce...
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.