Russian Grain Markets: 8-12 October Most prices on the Russian grain market continued to rise, but some remained stable. Milling wheat export prices were steady at an average $232/MT FOB Black Sea, and purchase prices at seaports were unchanged in RUB expression but grew in USD expression to $192/MT CPT-Black Sea port. The average feed barley export price was unchanged at $237/MT FOB, but the average CPT-Black Sea port price grew in both RUB and USD expression, reaching $203/MT. The average corn export price was again stable at $188/MT FOB. GEOGRAPHICALLY 3rd grade soft milling wheat prices increased in Central and the South (+$0.20/MT), Black Soil and Ural (+$0.90-1.00/MT), and Siberia (+$2.20/MT). However, they remained unchanged in V...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
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Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.