Russian Grain Markets: 14-18 February 2022 There was a lull in the domestic market with insignificant decreases in RUB for all grains. Russian ruble weakened so EXW prices expressed in the U.S. dollar decreased on average by $2-2.5. Meanwhile, export milling wheat average offer price decreased by $3 to $312/MT FOB Black Sea. Average purchase price decreased by RUB 100 to RUB 15,700/MT CPT-port Black Sea. Feed barley average export price increased by $4 to $296/MT FOB Black Sea; average purchase price remained stable at RUB 15,350/MT CPT-port Black Sea. Feed corn average export prices grew by $6 to $290/MT FOB Black Sea while average purchase price remained stable at RUB 14,500/MT CPT-port. GEOGRAPHICALLY 3rd grade soft milling whe...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
In agriculture and food processing, we think a lot about infrastructure: transportation and storage, processing and packaging, distribution and delivery. It is a physical system of roads, railroads, and rivers; concrete and steel storage; processing plants, warehouses, and machinery; and, event...
Key Takeaways: The Panama Canal’s draft restrictions and decreasing rainfall outlook are driving big moves in dry bulk markets this week. Panamax markets are sharply lower as the economics of moving freight across the Canal are deteriorating rapidly, leading to support in Supramax vessels...
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.