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 (...
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...
Inflation is back in the driver’s seat, and agriculture is getting pulled in two directions. A stronger dollar is pressuring grains despite fresh Chinese buying, while renewed Middle East attacks lift crude oil. Higher energy prices can support commodities, but they also raise expenses an...
Regional News European grocery stores have been targeted by cybersecurity attacks this week, with major retailers in France and the Netherlands affected. In France, major grocers, including Carrefour, Intermarché, and Coopérative U, all suffered attacks in which freezer and...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.