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: 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.