Russian Grain Markets: 1-5 July 2019 Domestic prices mostly continued to drop as there were increasingly more offers and bids for 2019 production and fewer for 2018 stocks. Export prices for wheat (12.5 percent protein) fell $4/MT to $194/MT FOB Black Sea, but purchase prices remained within RUB 10,500-10,600/MT CPT-port Black Sea. Meanwhile, the average export price for feed barely grew to $170/MT FOB Black Sea, while purchase prices were again steady at RUB 8,800-9,000/MT CPT-port Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices kept decreasing in Black Soil (-RUB 600/MT), Central (-RUB 550/MT), Volga Valley (-RUB 170/MT), the South (-RUB 200/MT), and Ural and Siberia (-RUB 50/MT). 4th grade soft milling wheat prices dec...
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
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.