Russian Grain Markets: 8-12 June 2020 Corn prices on the domestic market mainly grew (as 2020 yield is still far away), barley prices mostly decreased (as market players were switching to 2020 prices), while wheat prices moved in different directions depending on the region (decreased in the European part of Russia and mainly grew in Asian part due to insufficient offer). Meanwhile, the export market milling wheat average 2020 yield price grew to $208/MT FOB Black Sea. The average purchase price for 2020 wheat decreased to RUB 12,700/MT. 2020 feed barley average export price amounted to $175/MT FOB Black Sea; purchase price decreased to RUB 10,300/MT CPT-port Black Sea. 2020 feed barley offer price was $175/MT FOB Black Sea. Feed corn ave...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.