Russia's agriculture ministry is planning to buy 4-4.5 MMT during the grain market interventions in the second half of September. These purchases are intended to prevent any decreases of grain prices in a number of the country's regions. Russian Grain Markets Harvest Update Russia's Ministry of Agriculture reported that 75.3 MMT of grains were harvested on 26.6 million hectares (57.1 percent of the target) as of 1 September. Included were 47.9 MMT of wheat (3.27 MT/hectare) and 17.3 MMT of barley (2.52 MT/hectare), etc. 774,500 MT of rapeseed were harvested on 444,600 hectares (1.74 MT/hectare). Market Trends: 25-29 August 2014 GEOGRAPHICALLY 3rd grade soft milling wheat prices continued to increase in Central (+$3.60/MT), Black Soil...
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.