Poor weather is creating corn harvest delays in Ukraine and is pushing prices higher. Russian wheat prices were stable this week while corn prices continued to fall. Geographically 3rdgrade soft milling wheat prices were lower in Siberia (-$1.10/MT) and in the Ural region (-$0.90/MT), remained stable in the Central region, grew slightly in the Black Soil region (+$0.20/MT), in the Volga Valley region (+$1.30/MT), and in the Southern region (+$1.50/MT). 4th grade soft milling wheat prices decreased in Siberia (-$4.00/MT), the Ural region (-$2.40/MT), the Central region (-$0.60/MT), in the Volga Valley, and in the Black Soil regions (-$0.10-0.40/MT), but increased in the Southern region (+$0.90/MT). 5th grade whea...
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...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.