Russian Grain Markets: 17-21 August 2020 Grain prices on the domestic Russian market didn’t change much in ruble expression but decreased in U.S. dollar expression due to weakening of the ruble. The reasons were ongoing arrival of abundant new harvest along with steady export demand. A slight downward trend may be expected in the future. Domestic wheat prices decreased slightly. Corn prices grew insignificantly, and feed barley prices increased slightly. Meanwhile, on the export market milling wheat average 2020 prices increased to $203/MT FOB Black Sea. The average purchase price remained stable at RUB 13,100-13,300/MT. Feed barley average export price remained at $182/MT FOB Black Sea, while purchase prices decreased to RUB 11,700...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.