Russian Grain Markets: 21-25 January 2019 Most domestic grain prices continued to grow as demand increased. Milling wheat prices also rose because processors boosted their purchase prices. Meanwhile, the average milling wheat export price jumped to $246/MT FOB Black Sea, and purchase prices at seaports grew to $221-223/MT CPT-Black Sea port. However, the average feed barley export and CPT-Black Sea port prices fell to $234/MT FOB and $209/MT, respectively. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in Central and Volga Valley (+$2.30/MT), Black Soil (+$2.50/MT), the South and Ural (+$1.09-1.29/MT), and Siberia (+$1.50/MT). 4th grade soft milling wheat prices increased in Central and Black Soil (+$3.00-3.60/MT), Volga Valle...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
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.