Russian Grain Markets: 26-30 August 2019 Domestic 3rd grade milling wheat prices in the European Part of Russia grew in ruble expression and decreased in dollar expression due to weakening of the ruble. 4th grade milling wheat prices decreased and feed wheat prices remained stable. Milling rye prices increased in ruble expression and decreased in dollar expression while feed barley and feed corn prices decreased slightly. Milling wheat export prices decreased further to $189/MT FOB Black Sea. Average purchase prices decreased to RUB 11,200-11,400/MT. Feed barley export prices decreased to $177/MT FOB Black Sea while average purchase prices remained stable at RUB 10,000/MT CPT-port Black Sea. Corn export prices decreased to $172/MT F...
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...