Russian Grain Markets: 12-16 April 2021 Grain prices on the domestic market mainly grew following global trends and an increase of the export prices because of the low stock on the domestic market. Meanwhile, export milling wheat average price grew to $247/MT FOB Black Sea. The average purchase prices grew to RUB 14,350/MT CPT-port Black Sea. Feed barley average export price grew to $230/MT FOB Black Sea, the average purchase price remained at RUB 15,300/MT. Feed corn average export price grew to $255/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in the Central region (+RUB 35/MT), Black Soil (+RUB 70/MT), Southern (+RUB 50/MT), Ural (+RUB 215/MT) and Siberia (+RUB 150/MT), but decreased in the Vo...
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
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.