Russian Grain Markets: 20-24 August 2018 Milling wheat prices once again continued to rise in the European part of Russia, although it was at a slower rate. Also, due to weakening of the ruble, the development of prices during the week in review was actually negative. Feed wheat prices fell in both RUB and USD expression. Milling wheat export prices dropped $2/MT to $228/MT FOB Black Sea. Meanwhile, purchase prices at seaports increased in RUB expression but decreased in USD expression and amounted to $188-193/MT CPT-Black Sea port. The average feed barley export price fell to $230/MT FOB, and the average purchase price at seaports remained stable in RUB expression but fell in USD expression to $188/MT CPT-Black Sea port. GEOGRAPHICALLY...
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.