Russian Grain Markets: 21-25 May 2018 The average milling wheat export price remained stable at $212/MT FOB Black Sea, and purchase prices at seaports were also steady at $200-204/MT CPT-Black Sea port. Meanwhile, 2018 wheat prices averaged $205/MT FOB. The average feed barley export price fell $1/MT to $205/MT FOB, and the average purchase price was $187/MT CPT-Black Sea port. The average corn export price again dropped $2/MT to $198/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices fell in the South (-$1.10/MT) but grew in Central and Black Soil (+$3.40-4.00/MT), Volga Valley and Ural (+$4.70-4.90/MT), and Siberia (+$12.70/MT). 4th grade wheat prices remained unchanged in the South but increased in Central and Black...
What You Need to Know Today: President Trump suspended the planned attacks on Iran and announced that the pieces for a framework for peace were in place in a weekend social media post. Iran, however, later said no efforts were underway to conduct negotiations with the U.S., though Oman indicat...
Key Takeaways: E15 expansion would support corn and ethanol demand by increasing domestic biofuel consumption and reducing reliance on petroleum-based fuels. Year-round E15 has gained bipartisan momentum, but the policy remains in legislative limbo as lawmakers continue to negotiate provisions...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.