Russian Grain Markets: 17-21 September 2018 Domestic grain prices generally increased during the week, but there were exceptions in a few regions (see below). While milling wheat export prices grew $2/MT to $222/MT FOB Black Sea, purchase prices at seaports fell in RUB expression but increased in USD expression to $191/MT CPT-Black Sea port. The average feed barley export price remained at $236/MT FOB, and the average CPT-Black Sea port price was stable in RUB expression but grew in USD expression to $199/MT. The corn export price also climbed to $186/MT FOB. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in Central (+$1.10/MT), Ural and Black Soil (+$2.00-2.20/MT), the South (+$4.70/MT), and Volga Valley and Siberia (+$0.8-1.0...
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.