Russian Grain Markets: 24-28 May 2021 The Russian domestic grain market reacted to the introduction of the new “floating” export duty effective today. The duty is $28.1/MT for wheat (calculated on the basis of the price $240.2/MT), $39.6 for barley ($241.7/MT), and $52.2 for corn ($259.7/MT). Taking into account the previous, “fixed” duty, duties were €50/MT for wheat, €10/MT for barley and €25/MT for corn. As a result, wheat export was mainly postponed until today, while corn and barley export was very active before the date. Meanwhile, export milling wheat average price decreased to $260/MT FOB Black Sea. The average purchase price decreased to RUB 15,400/MT CPT-port Black Sea. Feed bar...
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.