Russian Grain Markets: 17-21 August 2020 Grain prices on the domestic Russian market didn’t change much in ruble expression but decreased in U.S. dollar expression due to weakening of the ruble. The reasons were ongoing arrival of abundant new harvest along with steady export demand. A slight downward trend may be expected in the future. Domestic wheat prices decreased slightly. Corn prices grew insignificantly, and feed barley prices increased slightly. Meanwhile, on the export market milling wheat average 2020 prices increased to $203/MT FOB Black Sea. The average purchase price remained stable at RUB 13,100-13,300/MT. Feed barley average export price remained at $182/MT FOB Black Sea, while purchase prices decreased to RUB 11,700...
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.