The Black Sea milling wheat market is under pressure as the harvest is progressing rapidly under favorable weather. It has dropped approximately $20 in about three weeks, and buyers do not seem convinced that the bottom has been reached. Milling Wheat The Black Sea market is under pressure as the harvest is progressing rapidly under favorable weather. It has dropped approximately $20 in about three weeks, and buyers do not seem convinced that the bottom has been reached. Some analysts and trading houses estimate that bottom to be close to $20 below current prices. The reported yields in southern Russia and Ukraine are generally in line with expectations. Russia’s crop is estimated at 66 MMT (versus last year’s 61 MMT) and Ukraine’s at 24...
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.