Russian Grain Markets: 20-24 September 2021 Prices for grain crops (except for corn) in the domestic Russian market increased but at a more moderate rate than last week. Corn prices decreased. In the Ural region and in some areas in the Volga Valley, prices kept growing at higher rates than generally in Russia (due to lower average yields) with Ural domestic prices exceeding export prices. Export milling wheat average price remained stable at $308/MT FOB Black Sea. The average purchase price grew to RUB 16,450/MT CPT-port Black Sea. Feed barley average export price grew to $265/MT FOB Black Sea, average purchase price remained at RUB 15,100/MT. Feed corn average export price for 2021 corn remained at $263/MT FOB Black Sea. Geographically...
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.