Russian Grain Markets: 14-18 January 2019 All domestic grain increased in both RUB and USD expression. The average milling wheat export price rose $3/MT to $243/MT FOB Black Sea, and purchase prices at seaports grew to $218-220/MT CPT-Black Sea port. The average feed barley export price dropped to $236/MT FOB, however, as the average CPT-Black Sea port remained stable in RUB expression but grew in USD expression to $211/MT. GEOGRAPHICALLY 3rd grade soft milling wheat prices increased in Central (+$2.80/MT), Volga Valley and Black Soil (+$3.60-4.00/MT), the South and Ural (+$4.50-4.80/MT), and Siberia (+$7.50/MT). 4th grade soft milling wheat prices grew in Central and Siberia (+$3.70-4.10/MT), Black Soil, the South and Ural (+$5.00-5.7...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.