Russian Grain Markets: 27-30 April 2020 Prices on the domestic grain market continued to grow. Meanwhile on the export market, milling wheat average price decreased to $228/MT FOB Black Sea. Purchase prices decreased to RUB 15,000-15,700/MT. Feed barley average export price grew to $182/MT FOB Black Sea, purchase price decreased to RUB 11,100/MT CPT-port Black Sea. Feed corn average export price decreased to $170/MT FOB Black Sea; the average purchase price decreased to RUB 11,000/MT CPT-port Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in all regions: Black Soil and Central (+RUB 400-420/MT), Southern and Volga Valley (+RUB 65-85/MT), Ural (+RUB 450/MT), and Siberian (+RUB 250/MT); 4th grade soft milling whe...
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...
Inflation is back in the driver’s seat, and agriculture is getting pulled in two directions. A stronger dollar is pressuring grains despite fresh Chinese buying, while renewed Middle East attacks lift crude oil. Higher energy prices can support commodities, but they also raise expenses an...
Regional News European grocery stores have been targeted by cybersecurity attacks this week, with major retailers in France and the Netherlands affected. In France, major grocers, including Carrefour, Intermarché, and Coopérative U, all suffered attacks in which freezer and...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.