Since the Russian government lifted the export tax on wheat approximately one month ago, there has been no real pressure on old crop prices. Instead, old crop Russian wheat continued to be offered at an inverse to the new crop during the past month. Milling Wheat Milling wheat prices in the Black Sea region have remained largely unchanged despite recent pressure on CBOT wheat futures following the release of somewhat bearish data from MATIF and USDA in the June WASDE report. It is interesting to note that Russia has exported 20.5 MMT so far this season, which is below the prior estimate of 25 MMT that was common before the Russian government decided to stop exports in February. Certain individuals are now wondering what happened to the 4...
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.