Russian Grain Markets: 18-22 October 2021 Average prices on the Russian grain market moved in different directions. Key factors pushing prices down again were the increase of export duties and the strengthening of the Russian ruble. Export milling wheat average price grew to $318/MT FOB Black Sea. Average purchase price decreased to RUB 16,000/MT CPT-port Black Sea. Feed barley average export price grew to $272/MT FOB Black Sea; average purchase price decreased to RUB 14,900/MT. Feed corn average export remained at $272/MT FOB Black Sea while average purchase price was also stable at 14,400/MT CPT-port. Geographically 3rd grade soft milling wheat prices remained unchanged in the Southern region, grew in the Central region (+RUB 65/MT), i...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
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.