Russian Grain Markets: 13-17 January 2020 Milling and feed wheat prices as well as feed corn prices on the domestic Russian market grew, while feed barley prices remained unchanged. The growth resulted from two factors: Russian wheat was again purchased at GASC tender held in Egypt on 14 January and the possibility of grain export regulation was discussed by the Russian government. Export prices also grew. The average milling wheat price grew to $227/MT FOB Black Sea. Purchase prices increased to RUB 12,800-13,000/MT. Feed barley average export price remained at $186/MT FOB Black Sea, purchase prices were also stable at RUB 10,500/MT CPT-port Black Sea. Feed corn average export price grew to $182/MT FOB Black Sea, the average purchase pri...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.