Milling Wheat Prices in the Black Sea region were again about unchanged last week. Russian exports continue to impress at close to 15 MMT already shipped since the start of the campaign. Meanwhile, the EU has exported 4.8 MMT since the start of the campaign versus 6.2 MMT at the same time a year ago, a drop of approximately 23 percent. Strategie Grains is estimating the total will be 19.4 MMT against 20.5 MMT last year, but there have been other estimates as low as 15 MMT. If the export pace continues to lag about 20-25 percent in the coming months, it will be difficult or impossible to achieve the the Strategie Grains estimate. The main differing factor in these opinions concerns the EU domestic feed wheat consumption. Strategie Grains b...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.