Russian Grain Markets: 11-15 March 2019 Domestic grain prices decreased in RUB expression but moved in different directions or remained unchanged in USD expression. Meanwhile, the average milling wheat export price fell $4/MT to $224/MT FOB Black Sea, and purchase prices dropped to $195-198/MT CPT-Black Sea port. The average feed barley export price remained at $210/MT FOB Black Sea, but the average purchase price decreased to $168/MT CPT-Black Sea port. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in Volga Valley (+$1.30/MT) but declined in Central (-$1.00/MT), Black Soil and Ural (-$0.30-0.50/MT), the South (-$2.30/MT), and Siberia (-$0.80/MT). 4th grade soft milling wheat prices fell in Central and Volga Valley (-$0.20/MT)...
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.