Russian Grain Markets: 18 - 22 May 2020 Prices on the domestic grain market moved in different directions and changed differently in different regions. One of the reasons was a decrease in demand for wheat and barley in southern regions from exporters who reached the limit of quotas allowed by the government. Corn prices increased in all regions of Russia. Meanwhile on the export market, milling wheat average price decreased to $222/MT FOB Black Sea. Purchase prices decreased to RUB 14,300/MT. The new (2020) yield wheat prices were quoted within $200-202/MT FOB. Feed barley average export price decreased to $179/MT FOB Black Sea, purchase price decreased to RUB 10,500/MT CPT-port Black Sea. Feed corn average export price grew to $178/MT FO...
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.