Russian Grain Markets: 13-17 August 2018 Grain prices continued to grow in the European part of Russia but decreased in Ural and Siberia as new crop production entered regional markets. While milling wheat export prices fell -$5/MT to $230/MT FOB Black Sea, purchase prices at seaports increased to $191-194/MT CPT-Black Sea port. The average feed barley export remained at $232/MT FOB, but the average purchase price at seaports rose to $191/MT CPT-Black Sea port. GEOGRAPHICALLY 3rd grade soft milling wheat prices increased in Central (+$2.40), Black Soil and Ural (+$1.00/MT), Volga Valley (+$9.30/MT), and the South (+$6.40/MT) but dropped in Siberia (-$7.40/MT). 4th grade soft milling wheat prices grew in Central (+$0.80/MT), the South (...
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...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.