Analysts see a 20 percent (-4 MMT) downgrade in Australia’s wheat production possibly in this week’s WASDE report, and rising expectations that Russia’s production may be off a bit. Wheat prices have been firming on the board as a result. Still, global stocks are large. The stocks to use ratio is a standard metric for considering the value of wheat and while they correlate, they are not perfect. There tends to be an over-reaction in price or tail effect when stocks look to be tighter, as in 2007 and 2012 (see graph below). If the same over-reaction were to occur when stocks are larger than deemed necessary, the current price would be lower than it is currently. However, there is always a stronger reaction to fear of...
Markets are caught between reasons to keep selling and reasons to take another look. Fund liquidation and renewed peace talks are pressuring grains, while fresh export business and some diesel relief offer encouragement. Corn recovered nearly 10 cents from its low to finish higher, while soybea...
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 “How To”...
Russian Grain Markets: 12–16 October 2026 During the week in review, the Russian grain market began recovering after an extended decline driven largely by Black Sea logistics bottlenecks, a good crop and weaker global demand in traditional Russian markets. Russia is beginning to harvest c...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.