Russian Grain Markets: 28 June-2 July 2021 The domestic Russian grain market kept switching to the prices of 2021 yield, so prices decreased, especially dramatically in the south. Currently, sellers sell both 2020 and 2021 yields. It’s difficult to predict further development of prices, as it will depend on weather conditions in the near future (they are unfavorable in the south with too much rain, and a lack of rain in the Black Soil and Volga Valley regions). Meanwhile, export milling wheat average price decreased to $243/MT FOB Black Sea. The average purchase price decreased to RUB 13,400/MT CPT-port Black Sea. Feed barley average export price decreased to $225/MT FOB Black Sea; the average purchase price decreased to RUB 12,100/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...
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
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.