Domestic milling wheat bids quoted by traders in Ukraine grew due to the slowdown in harvesting caused by rain as well as the low share of milling wheat in the current harvest and high prices quoted at tenders in Egypt and Tunisia. Meanwhile, CPT-processor prices kept decreasing. Russian Grain Markets Market Trends: 18-22 July 2016 While grain prices on the Russian market kept decreasing, there were no offers of corn. GEOGRAPHICALLY 3rd grade soft milling wheat prices continued to drop in the South (-$1/MT), Central (-$16/MT), Black Soil (-$11.60/MT), Volga Valley (-$6.20/MT), Ural (-$7.70/MT) and Siberia (-$1/MT).4th grade milling wheat prices also decreased in the South (-$1/MT), Central and Black Soil (-$17.60-18/MT), Volga Valley (...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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.