Russian Grain Markets: 7-11 December 2020 Russian domestic market wheat prices decreased due to the the Russian government’s decision to introduce the export quota (17.5 MMT of grain from 15 February-30 June 2021) and export duty for wheat (euro 25/MT within quota volume and 50 percent of the customs cost outside of the quota). That resulted in a sharp decrease of prices on the domestic market and an increase of export prices. Feed barley and feed corn prices moved in different directions. Meanwhile, export milling wheat average price grew to $260/MT FOB Black Sea. The average purchase price decreased to RUB 16,000/MT. Feed barley average export price remained at $217/MT FOB Black Sea, the average purchase price dropped to RUB 14,400...
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.