Milling Wheat The Russian wheat offer at the market remains unchanged from last week, but there were no reported trades or close buying interests.Egypt's GASC purchased 180,000 MT of French wheat and 60,000 MT of Romanian wheat. It paid between $303.82-305.61 for the French and $299.74 for the Romanian on a CNF basis. It was the first time since the start of the 2013/14 campaign that the GASC purchased French wheat. There was just one offer for Russian wheat at $291.87 FOB, or equivalent to $307 CNF.Lebanon bought 20,000 MT of Romanian wheat at $317.70 CNF. The lowest offer for Russian wheat was about $4 higher.The EU allocated 612,000 MT of wheat export licenses last week, bringing the total to 10 MMT versus 6.4 MMT allocated at the s...
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...
Dry bulk markets were volatile but ultimately steady this week with notable differences in rate developments across vessel classes. The Capesize sector, which led the recent rally in freight rates with its dramatic surge, pulled back slightly amid more cautious chartering activity, partic...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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.