Russian Grain Markets: 5-9 July 2021 The domestic Russian grain market continued to switch to 2021 yield prices , and as a result prices decreased. Winter barley and wheat average yield is high, so the decrease of prices is quite significant. Meanwhile, export milling wheat average price decreased to $235/MT FOB Black Sea. The average purchase price decreased to RUB 13,300/MT CPT-port Black Sea. Feed barley average export price decreased to $218/MT FOB Black Sea; the average purchase price decreased to RUB 11,900/MT. Feed corn average export price plummeted to $260/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew only in the Siberia region (+RUB 35/MT) and decreased in the Central and Black Soil (-RUB 300/MT), 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.