Russian Grain Markets: 1-5 March 2021 Wheat prices in the southern regions of the Russian domestic grain market grew moderately while wheat prices in other regions continued to decrease. Export milling wheat average price decreased to $288/MT FOB Black Sea. The average purchase prices grew to RUB 14,750/MT CPT-port Black Sea. Feed barley average export price was stable at $245/MT FOB Black Sea, the average purchase price decreased to RUB 15,300/MT. Feed corn average export price didn’t change and amounted to $264/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in the Southern region (+RUB 185/MT) but decreased in other regions: Central (-RUB 150/MT), Black Soil (-RUB 260/MT), Volga Valley and 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...
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.