Russian Grain Markets, 18-22 January 2021 The Russian domestic market prices followed the same pattern as the week before with little movement, increasing mainly in the southern region. The updated grain export duties order was signed on 23 January and the market hasn’t yet reacted to the change. Meanwhile, export milling wheat average price grew to $302/MT FOB Black Sea. The average purchase price range remained high: RUB 18,000-18,500/MT. Feed barley average export price grew to $228/MT FOB Black Sea, the average purchase price remained at RUB 15,100/MT CPT-port Black Sea. Feed corn average export price grew to $262/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in the Central region (-RUB 85...
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.