Russian Grain Markets: 15-19 November 2021 Russian grain market prices moved in different directions. Export duties continued to increase. Export milling wheat average offer price grew to $340/MT FOB Black Sea. Average purchase price grew to RUB 16,900/MT CPT-port Black Sea. Feed barley average export price grew to $298/MT FOB Black Sea; average purchase price remained unchanged at RUB 15,500/MT. Feed corn average grew to $276/MT FOB Black Sea while average purchase price grew sharply to 15,300/MT CPT-port. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in the Central region (+RUB 15/MT), the Southern (+RUB 65/MT), Volga Valley (+RUB 40/MT), and in Siberia and Ural (+RUB 15/MT), but decreased in the Black Soil region (-RUB 40/MT...
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...
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...
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.