Russian Grain Markets: 19-23 February 2018 Domestic grain prices continued to rise due to growing export prices in all regions except Siberia where they remained unchanged. Milling wheat export prices increased to $204/MT FOB Black Sea (+$2), but purchase prices at seaports were stable at $186-190/MT CPT-Black Sea port. Feed barley export prices grew to $212/MT FOB (+$9), while purchase prices at the seaports remained at $190/MT CPT-Black Sea port. Corn export prices climbed to $185/MT FOB Black Sea (+$3). GEOGRAPHICALLY 3rd grade soft milling wheat prices rose in Volga Valley and Ural (+$0.30-0.60/MT), Central and Black Soil (+$0.90–1.20/MT), and, especially, the South (+$5.80/MT). However, they decreased in Siberia (+$0.6...
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.