Russian Grain Markets: 18-22 June 2018 Domestic prices were influenced by the first offers of 2018 grain entering the market, mainly winter barley. However, the offer of winter wheat is also growing. Sellers were also getting rid of the previous season’s grain, selling it at close to the 2018 prices. Milling wheat export prices continued to decline, falling to $199/MT FOB Black Sea, and purchase prices at seaports dropped to $163-169/MT CPT-Black Sea port. The average feed barley export price decreased to $190/MT FOB, while the purchase prices at seaports were stable in RUB expression but decreased in USD expression to $155-158/MT CPT-Black Sea port. The average corn export price fell slightly to $186/MT FOB Black Sea. GEOGRAPHICAL...
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...
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
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.