Russian Grain Markets: 27 September-1 October 2021 Pricing trends of the previous week persisted: wheat and barley domestic prices increased moderately in the European part of Russia and significantly in the Asian part, especially in the Ural region. New harvest domestic corn prices continued to decrease. Export milling wheat average price decreased slightly to $307/MT FOB Black Sea. Average purchase price decreased slightly to RUB 16,400/MT CPT-port Black Sea. Feed barley average export price remained stable at $265/MT FOB Black Sea; average purchase price remained at RUB 15,100/MT. Feed corn average export price increased to $268/MT FOB Black Sea while average purchase price decreased to 14,400/MT CPT-port. GEOGRAPHICALLY 3rd gr...
If Wednesday’s trade proved anything, it is that not every market is listening to the same headline. Renewed fighting between the U.S. and Iran sent crude oil sharply higher after Iran fired ballistic missiles at an American airbase in Jordan. President Trump promised a U.S. response, pus...
Key Takeaways: Sorghum is gaining importance as an alternative ethanol feedstock, particularly in the Southern Plains where ethanol plants can utilize the grain based on relative pricing and availability compared to corn. Sorghum’s drought tolerance makes it a valuable alternative to cor...
Executive Summary Sheep and goats represent one of the largest livestock protein systems in the world, with an estimated 2.3 billion head globally; however, they remain almost entirely absent from U.S. agricultural policy, trade strategy, and market forecasting. The U.S. small ruminant herd, at...
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.