The current offer of new crop (August 2015) Russian/Ukrainian 12.5 percent protein wheat is approximately $80/MT lower than the 2014 new crop offer at the same time last year. However, it is understandable why importers/consumers are not interested. Milling Wheat The Black Sea market is very quiet. Ukraine's exports are limited to about 150,000 MT per month, per the agreement signed between the government and major exporters. Russia is exporting 500,000 MT at maximum per month due to the high export tax. The new crop (August 2015) Russian/Ukrainian 12.5 percent protein wheat is offered at about $200/MT FOB or approximately $80/MT lower than the offers for the 2014 new crop at the same time last year. $200 seems historically inexpensive fo...
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.