Russian Grain Markets: 12-16 November 2018 Prices on the domestic market moved in different directions. Meanwhile, the average milling wheat export price dropped to $226/MT FOB Black Sea, while purchase prices at seaports rose to $198-201/MT CPT-Black Sea port. The average feed barley export price remained at $240/MT FOB, and the average CPT-Black Sea port was stable in RUB expression but grew to $210/MT in USD expression. The average corn export price was steady at $186/MT FOB. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in Central (+$2.50/MT), Ural (+$0.80/MT) and Siberia (+$0.40/MT) but decreased in Black Soil and the South (-$0.20-0.05/MT). Meanwhile, they were unchanged in Volga Valley. 4th grade soft milling wheat pric...
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.
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...