Russian Grain Markets: 22-26 April 2019 Domestic grain prices declined or remained stable in RUB expression except for milling rye prices, which rose slightly. However, they all decreased in USD expression due to weakening of the ruble. The average milling wheat export price fell to $219/MT FOB Black Sea, while purchase prices remained stable in RUB expression and decreased in USD expression to $188-190/MT CPT-Black Sea port. The average feed barley export price dropped to $190/MT FOB, but the average CPT-Black Sea port remained stable in RUB expression and decreased in USD expression to $168/MT CPT-Black Sea port. GEOGRAPHICALLY 3rd grade soft milling wheat prices dropped in Central (-RUB 15/MT), Black Soil (-RUB 70/MT), the South (-RU...
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
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.