Russian Grain Markets: 28 October – 1 November 2019 Domestic Russian grain prices (excluding corn) were still growing despite the global downward trend. Growth of prices in Siberia was more significant due to demand for Siberian grain from Kazakhstan. Milling wheat export prices remained at $210/MT FOB Black Sea. Purchase prices decreased to RUB 12,400-12,500/MT. Feed barley average export price was stable at $186/MT FOB Black Sea, while average purchase price grew to RUB 10,600-10,700/MT CPT-port Black Sea. Corn average export price was stable at $168/MT FOB Black Sea. The average purchase price was RUB 9,000/MT CPT-port Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in the Central (+RUB 115/MT), Black So...
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.