Russian Grain Markets: 5-9 August 2019 Domestic prices moved in different directions: rising in regions where they had decreased too much the week before and dropping in those that started quoting for 2019 production. Meanwhile, there was little change in other regions. The fact that harvesting is progressing with problems because of adverse weather conditions in some regions adds to the changing trends in price development. On the export market, the average price for wheat (12.5 percent protein) was unchanged at $196/MT FOB Black Sea, while purchase prices were within RUB 11,400-11,500/MT CPT-port Black Sea. The average price for feed barley increased to $178/MT FOB Black Sea, but the average purchase price fell to RUB 9,700/MT CPT-port...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
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...
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.