Russian Grain Markets: 11-15 June 2018 Domestic grain prices were influenced by the near beginning of the new season. Although the formation of new prices is active only in the South so far, the previous season prices in other regions stopped growing with the exception of Siberia. 2018 barley is currently sold in the South at $119-135/MT EXW, and the first lots of 2018 feed wheat are sold at $119/MT EXW. Meanwhile, milling wheat export prices kept decreasing to an average $203/MT FOB Black Sea, and purchase prices at seaports declined to $186-189/MT CPT-Black Sea port. The average feed barley export price fell to $195/MT FOB, and the average CPT-Black Sea port price decreased to $173/MT. The average corn export price dropped to $187/MT FO...
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.