Russian Grain Markets: 7-11 September 2020 Domestic Russian market wheat and barley prices mainly grew due to export demand. Corn prices were stable in the regions where the old harvested corn was sold and decreased in the regions that started quoting prices for 2020 corn. Export milling wheat average 2020 prices increased to $225/MT FOB Black Sea following an increase in demand. The average purchase price grew to RUB 14,900-15,200/MT. Feed barley average export price grew to $188/MT FOB Black Sea. New harvest feed corn average export price increased to $180/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in all regions: Central (+RUB 185/MT), Black Soil (+RUB 260/MT), Southern (+RUB 830/MT), Volga Valley...
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.