The Black Sea wheat market remains firm due to the region's political tension, and there are no offers in Ukraine. Milling Wheat The Black Sea wheat market remains firm due to the region's political tension, and there are no offers in Ukraine. Russian wheat is offered at about $5/MT more than last week. Ukraine's export program doesn't appear to be compromised. The existing contracts are being honored, and no defaults have been reported in the market at this time.The EU allocated 563,000 MT of wheat export licenses this week, bringing the total to 20.7 MMT. This is about 7 MMT more than at the same date last year. At the current pace, EU wheat exports will exceed 25 MMT by the end of April, which will seriously tighten the EU wheat balan...
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.