Russian Grain Markets: 8-12 July 2019 The downward trend in domestic prices continued for the most part. However, the average milling wheat (12.5 percent protein) export price grew $2/MT to $196/MT FOB Black Sea, while the average purchase price fell to RUB 10,400-10,500/MT CPT-port Black Sea. The average feed barley export price increased $4/MT to $174/MT FOB Black Sea, and the average purchase price rose to RUB 9,000/MT CPT-port Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices dropped in Central (-RUB 860/MT), Black Soil (-RUB 780/MT), Volga Valley (-RUB 325/MT), the South (-RUB 50/MT), and Ural and Siberia (-RUB 35-40/MT). 4th grade soft milling wheat prices also decreased in Central (-RUB 1,000/MT), Black Soil (-RUB 900...
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.