Russian Grain Market Overview, 2-6 September 2019 Domestic Russian grain prices followed the same pattern as one week before. Milling wheat export prices decreased to $184/MT FOB Black Sea. The average purchase price decreased to RUB 11,200/MT. Feed barley export prices decreased to $176/MT FOB Black Sea while average purchase prices remained stable at RUB 10,000/MT CPT-port Black Sea. Corn export prices decreased to $163/MT FOB Black Sea. Harvest Update As of 9 September, 93.3 MMT of grains were harvested from 32.8 million hectares including 65.5 MMT of wheat harvested from 20.8 million hectares and 18.6 MMT of barley harvested from 7.2 million hectares. 782,900 MT of corn was harvested from 163,200 hectares. 1.6 MMT of sunflower...
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.