Russian Grain Markets: 26 February-2 March 2018 Domestic grain prices remained stable in all regions except for the decreases in western Siberia. Milling wheat export prices grew to $207/MT FOB Black Sea (+$3/MT), but purchase prices at seaports fell to $182-190/MT CPT-Black Sea port. Feed barley export prices increased to $216/MT FOB (+$4/MT), while CPT-Black Sea port purchase prices remained at $190/MT. Corn FOB prices rose to $188/MT Black Sea (+$3/MT). GEOGRAPHICALLY 3rd grade soft milling wheat prices continued to rise in the South (+$2.40/MT) as well as Central and Black Soil (+$0.20–0.30/MT). However, they were unchanged in Volga Valley and Ural while decreasing in Siberia (-$0.90/MT). 4th grade wheat prices grew in...
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.