Traders' domestic milling wheat bids in Ukraine kept growing, possibly due to rising export prices. Prices at the UBS ports prices continued to increase as processors had to purchase significant volumes of wheat to fulfill their export duties. Russian Grain Markets Market Trends: 1-5 August 2016 Milling wheat prices grew due to a deficit of high quality varieties on the Russian market. Meanwhile feed wheat and barley prices continued to drop as the offer was increasing. GEOGRAPHICALLY 3rd grade soft milling wheat prices rose in the South (+$0.20/MT), Central (+$0.50/MT) and Black Soil (+$1.20/MT), but they fell in Volga Valley (-$0.80/MT), Ural (-$2/MT) and Siberia (-$4/MT).4th grade milling wheat prices dropped in the South(-$0.20/MT)...
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...
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...
Let’s return briefly to the fake meat hype cycle, now sitting somewhere in a dusty corner of your mind, not entirely forgotten. What happened to all those products, known as plant-based alternative proteins? They were supposed to be as good as real meat—cheaper, more environmentally...
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.