Russian Grain Markets: 8-12 March 2021 Wheat prices in the southern regions continued to grow. Surprisingly, despite the introduction of corn and barley export duties, domestic prices for the products decreased insignificantly. Meanwhile, export milling wheat average price decreased to $282/MT FOB Black Sea. The average purchase prices grew to RUB 14,850/MT CPT-port Black Sea. Feed barley average export price decreased to $243/MT FOB Black Sea and the average purchase price grew to RUB 15,400/MT. Feed corn average export price didn’t change and amounted to $264/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew slightly in the Southern region (+RUB 15/MT), remained unchanged in Volga Valley, but kept de...
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.