Russian Grain Markets: 3-7 May 2021 Corn, barley, and wheat prices on the domestic market grew following global trends. The export milling wheat average price grew to $276/MT FOB Black Sea. The average purchase price grew to RUB 15,600/MT CPT-port Black Sea. Feed barley average export price grew to $248/MT FOB Black Sea; the average purchase price grew to RUB 16,100/MT. Feed corn average export price skyrocketed to $286/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in the Central and Ural regions (+RUB 25-30/MT), Black Soil and Southern (+RUB 100-115/MT), Volga Valley (+RUB 75/MT), and Siberia (+RUB 50/MT); 4th grade soft milling wheat prices also grew in all regions: Central and Southern (+RUB 50-65/MT), Vol...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.