Russian Grain Markets: 15-19 January 2018 The domestic market was influenced by the same trends of the previous week with average prices rising slightly in both RUB and USD expressions due to strengthening of the ruble. The leaders of the price growth were feed barley (due to active exports) and milling rye. On the export market, milling wheat prices increased to $194/MT FOB Black Sea and $184-188/MT CPT-port Black Sea. Feed barley export prices were stable at $192/MT FOB Black Sea and $186/MT CPT-port Black Sea. Meanwhile, corn prices grew to $169/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in the South (-$0.20/MT) and Siberia (-$0.80/MT), but they rose in Central, Black Soil and Ural (+...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.