Russian Grain Markets: 8-12 November 2021 Russian grain market prices moved in different directions and changed insignificantly. Export duties continued to grow. Export milling wheat average offer price grew to $338/MT FOB Black Sea. Average purchase price grew to RUB 16,650/MT CPT-port Black Sea. Feed barley average export price grew to $296/MT FOB Black Sea; average purchase price remained unchanged at RUB 14,750/MT. Feed corn average grew to $276/MT FOB Black Sea while average purchase price was stable at 14,600/MT CPT-port. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in the Central region (-RUB 15/MT), grew in the Southern and Black Soil regions (+RUB 35-40/MT), the Volga Valley and Ural (+RUB 75-85/MT), and in Siber...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
In agriculture and food processing, we think a lot about infrastructure: transportation and storage, processing and packaging, distribution and delivery. It is a physical system of roads, railroads, and rivers; concrete and steel storage; processing plants, warehouses, and machinery; and, event...
Key Takeaways: The Panama Canal’s draft restrictions and decreasing rainfall outlook are driving big moves in dry bulk markets this week. Panamax markets are sharply lower as the economics of moving freight across the Canal are deteriorating rapidly, leading to support in Supramax vessels...
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.