Russian Grain Markets: 26-30 August 2019 Domestic 3rd grade milling wheat prices in the European Part of Russia grew in ruble expression and decreased in dollar expression due to weakening of the ruble. 4th grade milling wheat prices decreased and feed wheat prices remained stable. Milling rye prices increased in ruble expression and decreased in dollar expression while feed barley and feed corn prices decreased slightly. Milling wheat export prices decreased further to $189/MT FOB Black Sea. Average purchase prices decreased to RUB 11,200-11,400/MT. Feed barley export prices decreased to $177/MT FOB Black Sea while average purchase prices remained stable at RUB 10,000/MT CPT-port Black Sea. Corn export prices decreased to $172/MT F...
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.