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...
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.