Russian Grain Markets: 18-22 November 2019 Domestic Russian grain prices grew slightly, and corn prices also started growing after a long period of decrease. The average milling wheat export price remained at $208/MT FOB Black Sea. Purchase prices remained within RUB 12,400-12,500/MT. Feed barley average export price didn’t change either and amounted to $186/MT FOB Black Sea while purchase prices slightly decreased and the average was RUB 10,600/MT CPT-port Black Sea. Corn average export price was stable at $168/MT FOB Black Sea, the average purchase price remained unchanged: RUB 9,000/MT CPT-port Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in the Central, Black Soil and Volga Valley regions (+RUB 40-65...
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.