Domestic grain prices in Russia increased for almost all crops because of the tight deficit of stocks. Meanwhile, they were mostly stable in Ukraine. However, barley and corn export prices there moved in different directions. Russian Grain Markets Market Trends: 6-10 June 2016 Prices on the domestic grain market increased in RUB expression for almost all crops because of the tight deficit of stocks and also in USD expression due to strengthening of the ruble. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in Central and Black Soil (+$4-5.20/MT), the South and Ural (+$0.20/MT), and Volga Valley and Siberia (+$2.10-2.50/MT).4th grade milling wheat prices also increased in Black Soil (+$5.70/MT), Central and Siberia (+$2-2...
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...
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.