Russian Grain Markets: 18-22 December 2017 Domestic prices moved in different directions. On the export market, milling wheat prices continued to drop, falling another $1/MT to $190/MT FOB Black Sea. Meanwhile, purchase prices at the seaports grew to $173-189/MT CPT-port Black Sea. Feed barley export prices remained at $191/MT FOB Black Sea and an average $179/MT CPT-port Black Sea. Corn export prices were also unchanged at $166/MT FOB Black Sea and $141/MT CPT-port Black Sea. The market is unlikely to undergo any significant changes before or during the winter holidays. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in Central (-$0.20/MT), Black Soil (-$0.30/MT) and Volga Valley (-$ 0.20/MT), but they grew in Siberia (+$1...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
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...
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.