Russian Grain Markets: 29 November-3 December 2021 Russian grain market wheat prices decreased mainly due to downward trends on international wheat markets and growing wheat export duties. Export milling wheat average offer price decreased to $342/MT FOB Black Sea. Average purchase price remained at 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 16,100/MT. Feed corn average price decreased to $274/MT FOB Black Sea while average purchase price dropped to RUB 13,600-14,000/MT CPT-port. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in the Central, Southern and Black Soil regions (-RUB 15-20/MT), in the Volga Valley (-RUB 65/MT), a...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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.