Russian Grain Markets: 26 - 30 October 2020 Russian domestic wheat, barley and corn prices kept growing at different rates depending on regions. One of the key reasons of the price growth is weakening of the ruble. Meanwhile, export milling wheat average price decreased to $253/MT FOB Black Sea. The average purchase price was within the range of RUB 17,900-18,400 /MT. Feed barley average export price remained at $212/MT FOB Black Sea, while the average purchase price grew to RUB 14,800/MT CPT-port Black Sea. New harvest feed corn average export price decreased to $230/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in all regions, most of all in the Southern region (+RUB 685/MT), in Central (+RUB 515/MT),...
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.