With rising prospects for quite a good wheat crop, Russia's export tax should logically be lifted 1 July at the latest. However, that is still uncertain due to the reason for its introduction last February. Milling Wheat The Black Sea market remains under pressure due to lack of demand. Meanwhile, the weather in Ukraine and Russia is generally favorable for wheat development. The estimated range for the Russian wheat crop is 55-58 MMT, an increase of about 2-4 MMT versus last month's estimates. With prospects for such a good crop, the Russian export tax should logically be lifted 1 July at the latest. However, that is still uncertain as it was initially introduced last February as a means to pressure domestic prices rather than because of...
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.