Russian Grain Markets: 13-17 July 2020 Harvest progressed so most of the regions quoted prices for 2020 grain. As a result the general price development on the domestic market was negative, except for corn prices that slightly grew. Meanwhile on the export market, milling wheat average 2020 yield price grew to $210/MT FOB Black Sea. The average purchase price grew to RUB 13,500-13,600/MT. 2020 feed barley average export price grew to $182/MT FOB Black Sea, purchase price to RUB 11,100/MT CPT port Black Sea. Feed corn average export grew to $184/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in the Southern region (+RUB 50/MT), decreased in Central (-RUB 1,550/MT), Black Soil (-RUB 1,200/MT), Volga Valley...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt’s Ministry of Supply reports that it will begin the sale of imported wheat through the Egyptian Mercantile Exchange. Sales are expected to be mainly to private-sector flour mills and are intended to stabilize wheat and...
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.