Russian Grain Markets: 29 March-2 April 2021 Milling and feed wheat, feed corn, and barley prices remained unchanged or moved in different directions insignificantly, mainly under the influence of domestic factors, as exports decreased. March grain exports amounted to 2.8 MMT versus 4.6 MMT exported in February. Meanwhile, export milling wheat average price decreased to $248/MT FOB Black Sea. The average purchase prices grew to RUB 14,400/MT CPT-port Black Sea. Feed barley average export price decreased to $230/MT FOB Black Sea; the average purchase price remained at RUB 15,300/MT. Feed corn average export price decreased to $250/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices remained unchanged in the Central...
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.