Russian Grain Markets: 1-5 July 2019 Domestic prices mostly continued to drop as there were increasingly more offers and bids for 2019 production and fewer for 2018 stocks. Export prices for wheat (12.5 percent protein) fell $4/MT to $194/MT FOB Black Sea, but purchase prices remained within RUB 10,500-10,600/MT CPT-port Black Sea. Meanwhile, the average export price for feed barely grew to $170/MT FOB Black Sea, while purchase prices were again steady at RUB 8,800-9,000/MT CPT-port Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices kept decreasing in Black Soil (-RUB 600/MT), Central (-RUB 550/MT), Volga Valley (-RUB 170/MT), the South (-RUB 200/MT), and Ural and Siberia (-RUB 50/MT). 4th grade soft milling wheat prices dec...
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.