Milling Wheat The Black Sea milling wheat market has been very quiet this week. The weather in southeastern Ukraine and Southern Russia has been dry. If the drought persists, the yields could be affected.The Lebanese government purchased 50,000 MT of Black Sea wheat, including 25,000 MT of Ukrainian wheat at $298.14 and 25,000 MT of optional Romanian/Ukrainian/Russian wheat at $281.90.The EU allocated 176,000 MT of wheat export licenses this week, bringing the total for the campaign to 11.65 MMT versus 17.04 MMT allocated at the same date last year. The EU has not decided yet whether import duty under TRQ will be zero or 12 euros starting from July.The market in Bulgaria and Romania is quiet. The remaining wheat surplus in Romania is abo...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...
Russian Grain Markets: 12–16 October 2026 During the week in review, the Russian grain market began recovering after an extended decline driven largely by Black Sea logistics bottlenecks, a good crop and weaker global demand in traditional Russian markets. Russia is beginning to harvest c...
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.