Russian Grain Markets: 24-29 November 2019 Russian grain prices fluctuated but didn’t change significantly. Wheat prices in Siberia decreased moderately as demand from Kazakhstan weakened. As for export prices, the average milling wheat price grew to $210/MT FOB Black Sea. Purchase prices decreased to RUB 12,300-12,500/MT. Feed barley average export price didn’t change and amounted to $186/MT FOB Black Sea, purchase was also stable at RUB 10,600/MT CPT-port Black Sea. Corn average export price was stable at $168/MT FOB Black Sea, the average purchase price didn’t change either: RUB 9,000/MT CPT-port Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices slightly grew in the Central region (+RUB 35/MT), Blac...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
Inflation is back in the driver’s seat, and agriculture is getting pulled in two directions. A stronger dollar is pressuring grains despite fresh Chinese buying, while renewed Middle East attacks lift crude oil. Higher energy prices can support commodities, but they also raise expenses an...
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.