Russian Grain Markets: 4-7 March 2019 Grain prices on the domestic market mainly decreased under pressure from negative trends on the export market. The average milling wheat export price dropped $2/MT to $228/MT FOB Black Sea, but purchase prices grew to $201-203/MT CPT-Black Sea port. Meanwhile, the average feed barley export price declined to $210/MT FOB, and the average purchase price fell to $182/MT CPT-Black Sea port. GEOGRAPHICALLY 3rd grade soft milling wheat prices declined in the South and Central (-$0.20/MT), Black Sea and Volga Valley (-$0.30-0.50/MT), and Siberia (-$1.30/MT). Meanwhile, they remained unchanged in Ural. 4th grade soft milling wheat prices were steady in Volga Valley and Ural but decreased in Black Soil, the...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
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.