Russian Grain Markets: 1-5 July 2019 Domestic prices mostly continued to drop as there were increasingly more offers and bids for 2019 production and fewer for 2018 stocks. Export prices for wheat (12.5 percent protein) fell $4/MT to $194/MT FOB Black Sea, but purchase prices remained within RUB 10,500-10,600/MT CPT-port Black Sea. Meanwhile, the average export price for feed barely grew to $170/MT FOB Black Sea, while purchase prices were again steady at RUB 8,800-9,000/MT CPT-port Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices kept decreasing in Black Soil (-RUB 600/MT), Central (-RUB 550/MT), Volga Valley (-RUB 170/MT), the South (-RUB 200/MT), and Ural and Siberia (-RUB 50/MT). 4th grade soft milling wheat prices dec...
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.