A downward trend continued to dominate the Ukrainian milling wheat market last week and also spread to corn. The main reasons for this were the growing offer of new harvest stocks and the general decrease of prices on international markets with a stable hryvnia also a contributing factor. Russian Grain Markets Market Trends: 4-8 July 2016 Prices continued to drop in the European part of Russia because of the increasing offer of new harvest grain, but they remained stable or grew only slightly in the Asian part. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in the South (-$4.60/MT), Central ($3.80/MT), Black Soil (-$6.25/MT) and Volga Valley (-$5/MT), but they remained stable in Ural and rose slightly in Siberia (+$0.20/M...
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.