Russian Grain Markets: 2 - 6 November 2020 Russian domestic wheat, barley and corn prices kept growing but at a slower rate than last week. However, due to significant strengthening of the ruble the average prices expressed in dollars grew significantly. Meanwhile, export milling wheat average price grew to $257/MT FOB Black Sea. The average purchase price was within RUB 17,900-18,400 /MT. Feed barley average export price grew to $216/MT FOB Black Sea, while the average purchase price remained at RUB 14,800/MT CPT-port Black Sea. New harvest feed corn average export price grew to $236/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in all regions, most of all in the Southern and Volga Valley (+RUB 370/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.