Regional News Global commodity markets are reacting to weekend news of the coronavirus’ spread to countries in the Middle East and Europe, as well as within China and other Asian nations. Concerns about the impact to global demand are resurging and the trade is adopting a “risk off” mentality. That backdrop is profoundly coloring the European grain and oilseed markets this week and most commodities are posting strong losses compared to the prior week. Black Sea winter crops have little to no snow cover presently due to abnormally warm temperatures in recent weeks. The lack of snow cover is not an issue if temperatures continue to trend warmer, but a sudden frost/freeze would be highly damaging. Presently, the crops...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
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
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.