Russian Grain Markets: 9-12 February 2021 Russian domestic grain prices decreased differently depending on when the export duty was/is going to be introduced and in what amount. (For wheat, it was introduced on 15 February and in two weeks it will double). Meanwhile, export milling wheat average price decreased to $282/MT FOB Black Sea. The average purchase price decreased to RUB 14,500-14,800/MT CPT-port Black Sea. Feed barley average export price remained at $242/MT FOB Black Sea, the average purchase price was stable at RUB 15,600/MT. Feed corn average export price decreased to $263/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices continued to decrease in all regions: Central and Volga Valley (-RUB 235-250/MT...
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
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.