Grain prices at the Ukrainian ports rose during the week in review because of limited offer, but that should be a short-term trend. According to forecasts, domestic wheat and barley prices will keep declining as demand shifts toward the new harvest. Russian Grain Markets Market Trends: 30 May-3 June 2016 The grain market situation did not change much as prices increased due to limited offer of the old harvest and deterioration of the weather. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in Central, Black Soil and Siberia (+$5.90-6.90/MT), the South and Volga Valley (+$1.10-1.40/MT), and Ural (+$1.80/MT).4th grade milling wheat prices also increased in Central and Black Soil (+$3.50-4.40/MT), Volga Valley (+$0.90/MT), Ural (...
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...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.