Russian Grain Markets: 16-20 April 2018 Prices continued to grow due to devaluation of the ruble, which began 6 April, and rising export prices. The price increases were mainly in the European part of Russia with insignificant changes in Siberia and Ural. The average milling wheat export price rose to $215/MT FOB Black Sea, and purchase prices at the seaports increased to $207-212/MT CPT-Black Sea port. Feed barley export prices were stable at an average $220/MT FOB, while the CPT-Black Sea port price grew (in RUB expression) to $207/MT. The average corn export price remained at $206/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in the South (+$11.40/MT), Volga Valley (+$5.30/MT), Central (+$3.80/MT), Black S...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.