Russian Grain Markets: 19-23 August 2019 Domestic wheat prices in the European Part of Russia mainly increased, at different rates in different regions, while wheat prices in Siberia mainly decreased. Corn prices started decreasing in Southern regions as harvesting began. Export prices for wheat (12.5%) decreased to $190/MT FOB Black Sea. The average purchase prices at CPT-port Black Sea decreased to RUB 11,300-11,600/MT. Feed barley average export price remained at $180/MT FOB Black Sea. The average purchase price was also stable at RUB 10,000/MT CPT-port Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in the Central region (+RUB 85/MT), Volga Valley (+RUB 225/MT), and the Black Soil region (+RUB 10/MT). Prices decre...
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
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.