Russian Grain Markets: 20-24 July 2020 Wheat prices on the domestic market hit bottom and started growing in some regions. Meanwhile, on the export market milling wheat average 2020 yield price remained at $210/MT FOB Black Sea. The average purchase price didn’t change either and amounted to RUB 13,500-13,600/MT. 2020 feed barley average export price grew to $189/MT FOB Black Sea, purchase price remained at RUB 11,100/MT CPT-port Black Sea. Feed corn average export price didn’t change and amounted to $184/MT FOB Black Sea. Geographically 3rd grade soft milling wheat prices decreased in the Central region (-RUB 135/MT), Black Soil (-RUB 50/MT), Ural (-RUB 340/MT) and Siberia (-RUB 85/MT), but grew in Southern (+RUB 350/M...
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
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.