Ocean Freight Comments - 22 November 2024By Matt HerringtonThe major story behind dry bulk freight markets remains the same: slack demand causing additional weakness in rates. The downturn in rates is accelerating as markets head into the holiday season, which is usually a lull period for freig...
The Russian Ministry of Agriculture reported that as of 26 November, Russian farmers produced 132 MMT of grains in bunker weight which is 19.3 MMT less than a year ago. This is with the crop harvested from 97.7 percent of the area yielding only 2.82 M/ha versus 3.16/MT a year ago. Grain yields...
The CBOT saw firmer trade on Tuesday, but that strength failed to develop into anything really meaningful on the charts. The soy complex saw the most widespread strength on the heels of a record-breaking U.S. crush in November, as reported by the USDA on Monday, and from Tuesday’s rally in crud...
Congress will return to Washington this week to kick off the post-election lame duck session of Congress. The docket is busy with only 12 joint legislative days left and government funding set to expire on 20 December. And the Farm Bill is set to expire on 31 December unless an extension can be...
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.