Although the Russian government has officially announced that the export tax is effectively lifted, the new crop (July/August) prices for Russian wheat are up $5-10/MT from their lows of two weeks ago. Milling Wheat The Black Sea market is firmer despite the Russian government's official announcement that the export tax is effectively lifted. The new crop (July/August) prices for Russian wheat are up $5-10/MT from their lows of two weeks ago. It seems that the operators who had sold aggressively in anticipation of the tax removal are now trying to cover their short positions. The weather in Russia and Ukraine remains generally favorable for winter wheat development, although the next two weeks are forecast to be warm and dry.The EU alloca...
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.