Russian Grain Markets: 14-18 September 2020 Domestic Russian market prices for wheat and barley grew due to the demand created by exporters. Corn prices decreased as market players switched to prices for 2020 corn. Meanwhile, for export milling wheat, average 2020 prices increased to $235/MT FOB Black Sea following an increase in demand. The average purchase prices grew to RUB 15,600-16,000 /MT. Feed barley average export price grew to $194/MT FOB Black Sea, while purchase price increased to RUB 12,900/MT CPT-port Black Sea. New harvest feed corn average export price increased to $192/MT FOB Black Sea. GEOGRAPHICALLY: 3rd grade soft milling wheat prices grew in all regions: Central and Black Soil (+RUB 120-140/MT), Southern (+RUB 2...
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.