Russian Grain Markets: 8-12 March 2021 Wheat prices in the southern regions continued to grow. Surprisingly, despite the introduction of corn and barley export duties, domestic prices for the products decreased insignificantly. Meanwhile, export milling wheat average price decreased to $282/MT FOB Black Sea. The average purchase prices grew to RUB 14,850/MT CPT-port Black Sea. Feed barley average export price decreased to $243/MT FOB Black Sea and the average purchase price grew to RUB 15,400/MT. Feed corn average export price didn’t change and amounted to $264/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew slightly in the Southern region (+RUB 15/MT), remained unchanged in Volga Valley, but kept de...
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...
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Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.