Milling Wheat The Black Sea market is very firm. Demand for Russian wheat is increasing every day, and we hear rumors that even Germany will import some due to the sharp decline of the local crop. Bulgaria and Romania are also importing Russian wheat after the excessive rains since mid-June and subsequent quality deterioration of their crops. Meanwhile, production in Turkey is estimated at 17 MMT (versus 21 MMT last year). That country is the second-largest destination for Russian wheat (after Egypt), and it will have to import a much larger volume this year due to the severe drought in April and May. Russian origin is by far the cheapest milling wheat in the world. At current prices, the export demand will be a minimum 5 MMT per month. C...
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.