Russian Grain Markets: 15-19 January 2018 The domestic market was influenced by the same trends of the previous week with average prices rising slightly in both RUB and USD expressions due to strengthening of the ruble. The leaders of the price growth were feed barley (due to active exports) and milling rye. On the export market, milling wheat prices increased to $194/MT FOB Black Sea and $184-188/MT CPT-port Black Sea. Feed barley export prices were stable at $192/MT FOB Black Sea and $186/MT CPT-port Black Sea. Meanwhile, corn prices grew to $169/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in the South (-$0.20/MT) and Siberia (-$0.80/MT), but they rose in Central, Black Soil and Ural (+...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
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.