Russian Grain Markets: 9-13 August 2021 The domestic Russian grain market grew significantly in all regions of the European part of Russia (except for corn prices), mainly due to the USDA report with worse forecasts than expected. Export milling wheat average price increased to $295/MT FOB Black Sea. Average purchase price increased sharply and amounted to RUB 16,550/MT CPT-port Black Sea. Feed barley average export price grew to $250/MT FOB Black Sea, and the average purchase price to RUB 14,500/MT. Feed corn average export price grew to $272/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in Siberia (-RUB 285/MT), slightly grew in the Ural region (+RUB 15) and more in other regions: the Central (+RUB 485...
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.