Russian Grain Markets: 6-10 May 2019 Domestic prices were either stable or decreased moderately. Meanwhile, changes on the export market were more significant. Quotes for 2019 12.5 percent protein wheat were within $182-186/MT FOB Black Sea, which makes the current average price for 2018 wheat ($205/MT FOB) too high for trade. The average purchase price decreased to $184-185/MT CPT-Black Sea port, but trade is also sluggish. The average feed barley export price dropped to $182/MT FOB, but the average purchase price was stable at $162/MT CPT-Black Sea port. GEOGRAPHICALLY 3rd grade soft milling wheat prices were unchanged in Central, the South and Black Soil. However, they decreased in Volga Valley and Siberia (-RUB 30/MT) as well as Ural...
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.