Russian Grain Markets: 22-26 November 2021 Russian grain market prices moved in different directions, but the changes were not dramatic. They took place mainly due to ruble weakening and an increase of export duties. Demand from domestic buyers decreased. Export milling wheat average offer price grew to $348/MT FOB Black Sea. Average purchase price grew to RUB 17,125/MT CPT-port Black Sea. Feed barley average export price was stable at $298/MT FOB Black Sea; average purchase price increased to RUB 16,050/MT. Feed corn average price remained at $276/MT FOB Black Sea while average purchase price dropped to RUB 14,800/MT CPT-port. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in the Central and Black Soil regions (-RUB 30-35/...
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...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.