Decades ago, when wheat was king, WPI had many analysts keenly interested in wheat. Since then, corn became king and now soybeans jockey for top honors. Wheat is still important and filled with changing dynamics, none more notable than the rise of Black Sea wheat, and Russia in particular. Russia’s share of global wheat area has edged higher, rising from less than 10 percent in 2004 to 13 percent now. Due to improvements in yield, Russia’s share of global wheat production has increased from just over 6 percent in 2004 to 11.5 percent today. However, the real standout number is Russia’s share of wheat traded globally, which over that same period has gone from 9 percent to 24 percent. However, the overall global wheat...
After spending much of the year searching for a reason to stay, the bulls suddenly have several. Grain markets have strengthened, wheat is leading the charge, outside markets are becoming more supportive, and geopolitical and weather risks are once again demanding attention. Does that mean the...
Russian Grain Markets: 6–10 July 2026 New-crop price formation remained underway during the week, with bearish price movement concentrated in southern Russia and the Volga Valley, where harvest begins first and export access is strongest. Price volatility remains elevated across producing...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...
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.