Russian Grain Markets: 13-17 December 2021 Russian grain market wheat prices decreased at higher rates than during the previous week due to growing grain export duties and global downward trends. Export milling wheat average offer price decreased to $332/MT FOB Black Sea. Average purchase price decreased to RUB 16,400/MT CPT-port Black Sea. Feed barley average export price decreased to $286/MT FOB Black Sea; average purchase price dropped to RUB 14,800/MT. Feed corn average price remained unchanged at $272/MT FOB Black Sea while average purchase price amounted to RUB 13,000-14,500/MT CPT-port. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in the Central region (-RUB 300/MT), the Black Soil (-RUB 110/MT), Southern (-RUB 265...
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.