Russian Grain Markets: 15-19 March 2021 Wheat and feed corn prices in all regions of Russia decreased, while feed barley prices moved in different directions. Export milling wheat average price decreased to $275/MT FOB Black Sea. The average purchase price decreased to RUB 14,650/MT CPT-port Black Sea. Feed barley average export price remained at $243/MT FOB Black Sea, the average purchase price decreased to RUB 15,300/MT. Feed corn average export price did not change and amounted to $264/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in all regions: Southern and Siberia (-RUB 50/MT), Central and Volga Valley (-RUB 110/MT), Black Soil (-RUB 70/MT), and Ural (-RUB 15/MT); 4th grade soft milling wheat...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
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.