Russian Grain Markets: 10-14 January 2022 The Russian domestic market prices changed insignificantly and mainly in southern regions that are more sensitive to international price changes and dollar rate. As for export prices, a key internal factor that influenced them is the decrease of export duties. Export milling wheat average offer price decreased to $330/MT FOB Black Sea. Average purchase price grew to RUB 16,500/MT CPT-port Black Sea. Feed barley average export price was stable at $288/MT FOB Black Sea; average purchase price grew to RUB 14,750/MT. Feed corn average price grew to $276/MT FOB Black Sea while average purchase prices were stable within RUB 14,000-14,500/MT CPT-port. GEOGRAPHICALLY 3rd grade soft milling wheat prices g...
What You Need to Know Today: The U.S. conducted “self-defense strikes” in Iran and said the two sides are “close” to negotiating a ceasefire. “Close” is a relative term, however, and even if 95 percent of the terms are agreed to, the remaining 5 percent is l...
Key Takeaways: Brazil has been the second-largest producer of fuel ethanol globally, but almost all of it was derived from sugarcane until recently. Corn ethanol production has increased due to expanded second-crop corn production, sugarcane storage limitations, and biofuel policy. Brazil is e...
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.