Russian Grain Markets: 29 July-2 August 2019 Domestic price development was atypical for this time of year with increases in the European part of Russia that usually don’t occur in August. The reason for this was high demand from processors. Meanwhile, the average milling wheat (12.5 percent protein) export price was unchanged at $196/MT FOB Black Sea, but the average purchase price grew to RUB 11,000-11,600/MT CPT-port Black Sea. The average feed barley export and purchase prices rose to $177/MT FOB Black Sea and RUB 10,100/MT CPT-port Black Sea, respectively. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in Ural (-RUB 210/MT) and remained unchanged in Siberia, while they grew in Central and the South (+RUB 300/MT),...
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.