Milling Wheat The Black Sea milling wheat market remains quiet due to slow demand from the major destinations. The Russian government has decided not to intervene in the market for the time being, as it believes that the country has enough grain to satisfy its domestic needs and still have 10-12 MMT of exportable surplus. At the current pace of shipments, Russia will export 10 MMT of grains by the end of September. Russian wheat currently is the most competitive to the Mediterranean, African and Middle Eastern destinations with about a $20 advantage to French wheat. If Russian wheat remains competitive in the coming weeks, the Russian government certainly will have to take measures to restrict the exports soon.Algeria bought 225,000 MT o...
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.