Russian Grain Market Overview, 2-6 September 2019 Domestic Russian grain prices followed the same pattern as one week before. Milling wheat export prices decreased to $184/MT FOB Black Sea. The average purchase price decreased to RUB 11,200/MT. Feed barley export prices decreased to $176/MT FOB Black Sea while average purchase prices remained stable at RUB 10,000/MT CPT-port Black Sea. Corn export prices decreased to $163/MT FOB Black Sea. Harvest Update As of 9 September, 93.3 MMT of grains were harvested from 32.8 million hectares including 65.5 MMT of wheat harvested from 20.8 million hectares and 18.6 MMT of barley harvested from 7.2 million hectares. 782,900 MT of corn was harvested from 163,200 hectares. 1.6 MMT of sunflower...
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
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.