Russian Grain Markets: 10-14 March 2014Market TrendsPrices continued to increase, especially corn and wheat, due to the RUB depreciation and the Crimean political crisis.GEOGRAPHICALLY:3rd grade soft milling wheat prices increased in Central and Volga Valley (+$2.30-3.10/MT), Black Soil (+$3.80/MT), the South (+$5.80/MT) and most notably in Ural (+$9/MT) and Siberia (+$11.30/MT).4th grade soft milling wheat prices also increased in Volga Valley and Ural (+$1.30-2.40/MT), Central (+$5.80/MT), Black Soil (+$5.20/MT), the South (+$ 8.20/MT) and Siberia (+$12/MT).5th grade feed wheat prices increased in Volga Valley and Central (+3.10/MT), the South and Ural (+$4.50/MT), Black Soil (+$5.50/MT) and Siberia (+$10.50/MT).Feed barley prices increas...
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...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.