Russian Grain Markets: 16-20 September 2019 Domestic Russian grain prices fluctuated insignificantly in ruble expression, except for milling rye prices that spiked because of its deficit on the market, and corn prices that dropped significantly due to a general downward trend in Black Sea market corn prices. Milling wheat export prices grew to $186/MT FOB Black Sea. The average purchase price grew to RUB 11,150/MT. Feed barley average export price was stable at $176/MT FOB Black Sea while average purchase price remained stable at RUB 10,000/MT CPT-port Black Sea. Corn average export price decreased to $160/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in the Central region (+RUB 85/MT), Southern (+RUB 5...
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
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.