Milling Wheat The Black Sea market continued to remain about unchanged last week. Russia and Ukraine will return from their New Year and local Christmas holidays later this week. The weather in Eastern Europe remains very mild for the season, and the ambitious loading program of Russian wheat from the Black Sea is in line with estimates. The region’s two-week weather forecast is not calling for a sudden drop in temperatures, which are unusually high for mid-January. The EU reported that 267,000 MT were exported last week. 1.3 MMT were also added to the previous week’s cumulated export total, bringing that number to 10.6 MMT. This is a significant gap of 2.7 MMT versus a total 13.3 MMT at the same time last year. At current pri...
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.