Milling Wheat The Black Sea market remains supported in the absence of farmers’ selling pressure. The domestic market in Russia was about unchanged last week, and the ruble was stable against the USD. Russia has already exported 27 MMT. Meanwhile, the target of 35 MMT, which looked very optimistic at the start of the campaign, is now being revised by most analysts to 36-37 MMT. Even if the Russian wheat is starting to lose competitiveness against French and German origins at current prices, a target of 37 MMT seems rather realistic as it implies average monthly exports of 2.5 MMT until the end of the campaign versus the average 3.5 MMT achieved during the past three months. The new crop in Russia and Ukraine is developing under norma...
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.