Milling Wheat The wheat market in the Black Sea was quiet last week. Tunisia bought 50,000 MT at $325 and $330 for June shipment. These prices were considered very aggressive, as the replacement value for nearby shipment is over $340.The EU this week allocated 392,000 MT of wheat export licenses, bringing the total to 16.3 MMT versus 11.1 MMT allocated at the same time last year.The weather in Bulgaria and Romania continues to be favorable for winter wheat development. The temperatures are rising to the normal seasonal levels (+10/+20 degrees Celsius) and soil moisture is abundant. More rain is expected in the next two weeks. Thus far, wheat conditions have been almost perfect.The old crop market in Bulgaria and Romania is almost nonexis...
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.