Russian Grain Markets: 13-17 September 2021 Prices for grain crops in the domestic Russian market mainly increased. In the Ural region and in some areas in the Volga Valley prices continued to grow at higher rates than generally in Russia (due to lower average yields) with Ural domestic prices exceeding export prices. Export milling wheat average price decreased to $308/MT FOB Black Sea. The average purchase price remained at RUB 16,350/MT CPT-port Black Sea. Feed barley average export price grew to $264/MT FOB Black Sea, average purchase price decreased to RUB 15,100/MT. Feed corn average export price for 2021 corn grew to $263/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew significantly in the Ural region (+R...
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.