Milling Wheat The Black Sea market was mostly unchanged last week on limited activity was due to the holiday season in Europe. The Russian domestic wheat market was firm again with values reported $3-9/MT higher in the different regions. Russia’s average monthly exports are expected to fall below 2MMT from January to June, down from 3.2 MMT during the same period last year. The market in Romania and Bulgaria was very quiet last week. The remaining surplus is estimated at about 1.2 MMT in Romania and about 0.9 MMT in Bulgaria. The region’s weather remained generally favorable for winter wheat development with seasonally mild temperatures and frequent precipitation. Some risk remains, however, as most of the region has no...
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.