Russian Grain Markets: 13-17 September 2021 Prices for grain crops in the domestic Russian market mainly increased. In the Ural region and in some areas in the Volga Valley prices continued to grow at higher rates than generally in Russia (due to lower average yields) with Ural domestic prices exceeding export prices. Export milling wheat average price decreased to $308/MT FOB Black Sea. The average purchase price remained at RUB 16,350/MT CPT-port Black Sea. Feed barley average export price grew to $264/MT FOB Black Sea, average purchase price decreased to RUB 15,100/MT. Feed corn average export price for 2021 corn grew to $263/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew significantly in the Ural region (+R...
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
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.