Ukrainian corn is under heavy pressure. At current prices, it is more competitive against U.S. origin to Asia, although not by much. The last trades to South Korea were reported to be around $200/MT CNF. Milling Wheat The Black Sea market is extremely quiet. Russia's export tax of 35 euros became effective yesterday. The Ukrainian Ag Ministry signed a memorandum with major exporters that limits total wheat exports to 12.8 MMT for MY 2014/15. The cap for January-June is 4.6 MMT. Of that total, 1.2 MMT are milling wheat and 3.4 MMT are feed wheat.The weather in Russia and Ukraine is seasonally normal. Without any major weather problem, the 2015 crops should be very similar to last year's.The EU allocated 661,000 MT of wheat export licenses,...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
Key Takeaways: Expected growth in U.S. soybean crushing capacity and output, driven by biofuel demand, will increase domestic soymeal supplies, with production growth significantly outpacing demand. WPI forecasts soymeal production increasing from 65.8 million short tons in 2026/27 to 70.5 mil...
Russian Grain Markets: 19–23 October 2026 The Russian grain market continued its recovery during the week, although prices remained volatile across regions. Wheat was notably bullish, while feed barley and corn were slower to appreciate, primarily because of weaker export demand amid logi...
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.