Russian Grain Markets: 1-5 February 2021 Prices generally decreased in the Russian domestic grain market, more so for wheat (under the influence of the export duties to be introduced shortly in February and March and the new flexible export duty to be introduced 2 July) and less so for barley and corn. Meanwhile, export milling wheat average prices decreased to $285/MT FOB Black Sea. The average purchase prices decreased to RUB 15,200-15,500/MT CPT-port Black Sea. Feed barley average export prices grew to $242/MT FOB Black Sea, the average purchase price was stable at RUB 15,600/MT. Feed corn average export price grew to $264/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in all regions: Central (-RU...
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.