Russian Grain Markets: 5-9 March 2018 Domestic feed grain prices grew slightly in the European part of Russia, and milling wheat prices remained stable in RUB expression (down in USD expression) across all regions. The very short workweek (5-7 March) was followed by holidays (8-11 March). Milling wheat export prices increased to $209/MT FOB Black Sea (+$2) with purchase prices at seaports rising to $185-189/MT CPT-Black Sea port. Feed barley export prices remained at $216/MT FOB, while purchase prices were stable at $189/MT CPT-Black Sea port. Corn export prices climbed to $190/MT FOB Black Sea (+$2). GEOGRAPHICALLY 3rd grade soft milling wheat prices were stable across all regions. 4th grade wheat prices increased slightly in V...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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.