Russian Grain Markets: 24-28 August 2020 The domestic Russian market prices for wheat, barley and rye changed insignificantly. Corn prices started moving down as harvesting of 2020 corn is getting closer. Meanwhile on the export market, milling wheat average 2020 prices increased to $210/MT FOB Black Sea following an increase in demand. The average purchase price grew to RUB 13,900-14,000/MT. Feed barley average export price remained at $182/MT FOB Black Sea, while purchase price grew to RUB 12,100/MT CPT-port Black Sea. New harvest feed corn average export price increased to $173/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices remained unchanged in the Central and Black Soil regions, grew in the Southern (+RUB...
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.