Russian Grain Markets: 18 - 22 May 2020 Prices on the domestic grain market moved in different directions and changed differently in different regions. One of the reasons was a decrease in demand for wheat and barley in southern regions from exporters who reached the limit of quotas allowed by the government. Corn prices increased in all regions of Russia. Meanwhile on the export market, milling wheat average price decreased to $222/MT FOB Black Sea. Purchase prices decreased to RUB 14,300/MT. The new (2020) yield wheat prices were quoted within $200-202/MT FOB. Feed barley average export price decreased to $179/MT FOB Black Sea, purchase price decreased to RUB 10,500/MT CPT-port Black Sea. Feed corn average export price grew to $178/MT FO...
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...
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.