Regional News Black Sea wheat is getting pushed out of Southeast Asian markets due to rising freight costs. As freight rates increase ahead of the emissions restrictions required by the International Maritime Organization effective 1 January 2020, Australian wheat is becoming far more competitive to Southeast Asia than Black Sea wheat, which typically has a seasonal advantage during August. A large Australian supplier won business for six shipments of feed wheat to the Philippines for this fall/winter at prices that were $2-2.50/MT lower than similar Black Sea offers. Milling Wheat Harvest pressure and decreasing global wheat export offers are pressuring EU and Black Sea wheat markets this week. The August WASDE confirmed there is...
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.