Russian Grain Markets: 12-16 March, 2018 Domestic feed grain prices grew significantly, especially in the European part of Russia and particularly for corn. Thus, feed corn prices exceeded 4th grade wheat prices in some regions. Meanwhile, milling wheat export prices remained at $209/MT FOB Black Sea, but purchase prices at seaports grew to $187-189/MT CPT-Black Sea port. Feed barley export prices were steady at $216/MT FOB as were CPT-Black Sea port purchase prices at $189/MT. Corn export prices rose to $202/MT FOB Black Sea (+$12/MT) with further growth possible to $210/MT. (The current FOB Black Sea price is for Ukrainian corn.) GEOGRAPHICALLY 3rd grade soft milling wheat prices increased in Central and Siberia (+$2.30/MT), B...
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...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.