Russian Grain Markets: 3-7 January 2022 The first week of January was holiday season, as usual, so it was impossible to register any changes on the Russian grain market. Due to the political situation in Kazakhstan, the Russian ruble got weaker and domestic prices expressed in U.S. dollar decreased. The prices expressed in the RUB remained unchanged (please see the table below for U.S. dollar price changes). Export milling wheat average offer price remained at $332/MT FOB Black Sea. Average purchase price grew to RUB 16,450/MT CPT-port Black Sea. Feed barley average export price grew to $288/MT FOB Black Sea; average purchase price decreased to RUB 14,600/MT. Feed corn average price remained unchanged at $272/MT FOB Black Sea while averag...
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...
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.