Ukraine's milling wheat prices were stable on the domestic market and at the UBS ports. They decreased, however, on the export market due to the increasing new harvest wheat offer. Russian Grain Markets Harvest Update As of 3 August 2015, 42.2 MMT of grains were harvested from 13 million hectares compared with 48.2 MMT produced from 14.2 million hectares in 2014. This included 34.6 MMT of winter and spring wheat from 10 million hectares and 4.4 MMT winter and spring barely from 2 million hectares. 180,200 MT of rapeseed were also harvested from 100,600 hectares. Market Trends: 27-31 July 2015 Russia's domestic grain market and pricing were influenced by the entry of new harvest grain, global prices, harvest delays and the decreasing RU...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
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.