Russian Grain Markets: 8-12 April 2019 Domestic prices fluctuated in the South and Volga Valley but mostly decreased in other regions. The average milling wheat sea export price fell to $224/MT FOB Black Sea, and purchase prices dropped to $196-200/MT CPT-Black Sea port. The average feed barley export price decreased to $195/MT FOB, but the average purchase price grew to $172/MT CPT-Black Sea port. GEOGRAPHICALLY 3rd grade soft milling wheat prices declined in Black Soil (-RUB 180/MT), Volga Valley (-RUB 110/MT), and Central, the South and Siberia (-RUB 15/MT). Meanwhile, they were unchanged in Ural. 4th grade soft milling wheat prices decreased in Central (-RUB 50/MT), Black Soil (-RUB 200/MT), Volga Valley (-RUB 15/MT), and Ural and...
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...
Dry bulk markets were volatile but ultimately steady this week with notable differences in rate developments across vessel classes. The Capesize sector, which led the recent rally in freight rates with its dramatic surge, pulled back slightly amid more cautious chartering activity, partic...
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.