Russian Grain Markets: 29 April-3 May 2019 There were only two working days during the week in review, but prices mostly followed a downward trend during that period. The average milling wheat export price fell to $210/MT FOB Black Sea, and the average purchase price declined to $187/MT CPT-Black Sea port. Meanwhile, the average feed barley export price dropped to $188/MT FOB, but the average purchase price was stable at $168/MT CPT-Black Sea port. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in Central and the South (-RUB 85/MT) as well as Black Soil (-RUB 20-30/MT), but they remained unchanged in other regions. 4th grade soft milling wheat prices fell in Central (-RUB 50/MT) and other regions (-RUB 15-20/MT). 5th gra...
The corn and soy complex closed higher, with the wheat market mixed, as winter wheat closed up but spring wheat and livestock ended lower. Part of the strength for corn and soybeans may have been a weather premium, as crop planting has started out fast but warm weather has been slow to develop...
Reflect for a moment on what you eat. There is a lot of advice out there in the ether about what you should eat, but really, what do you currently eat and how much? The good people at the USDA have some data for you, to help you answer that question. USDA says that we eat quite a bit of meat. L...
WPI recently completed an expansion of our methodology for estimating and forecasting U.S. and global soybean crushing margins. The new approach incorporates the energy market’s expanding influence on the oilseed sector and the structural changes in global biofuel demand. This report is i...
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.