Russian Grain Markets: 10-14 September 2018 Feed barley prices grew significantly, but other grain prices either increased slightly or remained stable due to strengthening of the ruble. However, all prices rose moderately in USD expression. Milling wheat export prices fell $1/MT to $220/MT FOB Black Sea, while purchase prices at seaports remained stable in RUB expression but grew in USD expression to $188/MT CPT-Black Sea port. The average feed barley export price climbed $1/MT to $236/MT FOB, and the average CPT-Black Sea port price increased to $193/MT. First prices quoted for the new harvest corn averaged $184/MT FOB. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in Central (+$0.20/MT), Ural, Black Soil and the Sout...
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.