Russian Grain Markets: 19 – 23 October 2020 Russian domestic market wheat prices continued to increase; barley and corn prices started growing very fast. Meanwhile, export milling wheat average prices grew to $257/MT FOB Black Sea. The average purchase price grew to RUB 18,100 /MT. Feed barley average export price grew to $212/MT FOB Black Sea, while the average purchase price remained at RUB 14,600/MT CPT-port Black Sea. New harvest feed corn average export price sharply increased and amounted to $232/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in all regions, most of all in the Southern region (+RUB 750/MT), Central (+RUB 335/MT), Volga Valley and Black Soil (+RUB 400-425/MT), Ural (+RUB 740/MT...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.