Russian Grain Markets: 11-15 May 2020 Milling and feed wheat prices as well as corn prices kept growing in the domestic grain market while feed barley prices decreased. Meanwhile, on the export market, milling wheat average price decreased to $224/MT FOB Black Sea. Purchase prices decreased to RUB 14,800/MT. The new (2020) yield wheat prices were quoted within $195-197/MT FOB (and RUB 12,500-13,000/MT – purchase prices CPT-port Black Sea). Feed barley average export price decreased to $180/MT FOB Black Sea, purchase price decreased to RUB 10,900/MT CPT-port Black Sea. Feed corn average export price grew to $175/MT FOB Black Sea, the average purchase price also grew and amounted to RUB 11,400/MT CPT-port Black Sea. GEOGRAPHICAL...
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.