Russian Grain Markets: 25 February-1 March 2019 Domestic grain prices moved in different directions or remained stable, depending on the region. Export prices, however, decreased. Thus, the average milling wheat export price fell another $6/MT to $230/MT FOB Black Sea, and purchase prices dropped to $199-203/MT CPT-Black Sea port. Meanwhile, the average feed barley export price decreased to $216/MT FOB, and the average purchase price declined to $182/MT CPT-Black Sea port. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in the South (-$3.00/MT) and Siberia (-$0.20/MT) but remained unchanged in all other regions. 4th grade soft milling wheat prices fell in Central (-$0.20/MT) and the South (-$2.50/MT), grew in Black Soil (+$...
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.