Russian Grain Markets: 23-27 March 2020 Grain prices on the domestic Russian market kept increasing as exporters are trying to export as much as possible before export limitation is introduced. Meanwhile on the export market, milling wheat average price skyrocketed to $223/MT FOB Black Sea. Purchase prices grew to RUB 15,000-15,200/MT. Feed barley average export price was stable at $178/MTFOB Black Sea, purchase price was also stable at RUB 11,400/MTCPT-port Black Sea. Feed corn average export price grew to $180/MTFOB Black Sea, the average purchase price was stable at RUB 11,100/MTCPT-port Black Sea. GEOGRAPHICALLY: 3rd grade soft milling wheat prices grew in all regions: Southern (+RUB 700/MT), Central (+RUB 185/MT), Black Soil (...
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...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.