The Black Sea market was active last week as a significant volume of Russian wheat changed hands. A majority of the trades were between multinational trading houses with some covering short positions and others taking profits. Milling Wheat The Black Sea market was active last week as a significant volume of Russian wheat changed hands. A majority of the trades were between multinational trading houses with some covering short positions and others taking profits. Russia's farmers have not yet started to actively sell the new crop. The harvest in the country's southern region is delayed by 10-15 days due to the rains during the second half of June. The Russian 12.5 percent protein wheat traded in a wide price range last week following the...
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.