Russian Grain Markets: 16-20 August 2021 Prices in the domestic Russian grain market grew significantly in all regions of the European part of Russia (except for corn prices). Export milling wheat average price increased to $296/MT FOB Black Sea. Average purchase price increased sharply to RUB 16,900/MT CPT-port Black Sea. Feed barley average export price grew to $260/MT FOB Black Sea, and average purchase price to RUB 15,500/MT. Feed corn average export price remained stable at $272/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew slightly in Siberia (+RUB 65/MT), more in the Central region (+RUB 735/MT), Black Soil (+RUB 620/MT), Southern and Volga Valley (+RUB 500-530/MT) and less in the Ural (+RUB 90); 4th g...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.