Russian Grain Markets: 21-25 December 2020 Russian domestic market wheat prices continued to decrease but at a slower rate than last week. Producers haven’t increased offer while processors and exporters slowed down their activity as further development of prices is unclear. Feed barley prices moved in different directions, while feed corn prices mainly decreased. Meanwhile, export milling wheat average price grew to $265/MT FOB Black Sea. The average purchase prices decreased to RUB 15,200/MT. Feed barley average export price remained at $218/MT FOB Black Sea, the average purchase price remained at RUB 14,400/MT CPT-port Black Sea. Feed corn average export price remained at $232/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade so...
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.