Tthe wheat quality in Europe has suffered from the excessive rains during the harvest and seems to have deteriorated the most in France. As a consequence, the quality premiums rose sharply in the French market. Milling Wheat The Black Sea market remained close to unchanged last week. Farmers continue to resist selling at current levels, which are close to last year's lows. Russia's reported yields are better than expected, and the crop is now estimated above 57 MMT, at least 5 MMT higher than last year. The feed wheat share is larger than last year due to the heavy rains during the harvest. For the moment, the tensions between Russia and Ukraine have no impact on the market or logistics.The EU allocated 262,000 MT of wheat export licenses...
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.