Russian Grain Markets: 16-20 March 2020 Grain prices on the domestic Russian market kept increasing in ruble expression but dropped in dollar expression as the ruble weakened significantly. Meanwhile on the export market, milling wheat average price grew to $210/MT FOB Black Sea. Purchase prices grew to RUB 14,400-14,800/MT. Feed barley average export price decreased to $178/MT FOB Black Sea; purchase price grew to RUB 11,400/MT CPT-port Black Sea. Feed corn average export price decreased to $172/MT FOB Black Sea; the average purchase price grew to RUB 11,100/MT CPT-port Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in all regions: Southern (+RUB 350/MT), Central (+RUB 200/MT), Black Soil and Ural (+RUB 140/MT)...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.