Russian Grain Markets: 9-13 November 2020 The increase in Russian domestic wheat prices slowed while barley and corn prices continued to grow. Export milling wheat average price was stable at $257/MT FOB Black Sea. The average purchase price range narrowed to RUB 17,900-18,100/MT. Feed barley average export price decreased to $215/MT FOB Black Sea, while the average purchase price remained at RUB 14,800/MT CPT-port Black Sea. New harvest feed corn average export price grew to $237/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew: more in the Central region (+RUB 260/MT) and in Siberia (+RUB 200/MT), less in the Black Soil region (+RUB 80/MT), Southern and Volga Valley (+RUB 15/MT), and Ural (+RUB 25/MT); 4...
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.