Milling Wheat The Black Sea market again remained about unchanged last week. Demand for Black Sea wheat is slightly weaker than in the peak months of August and September. The pace of exports is also expected to slow during the winter months. Russia was exporting at a record pace of nearly 4 MMT in each of the past three months, but that is expected to drop to an average 3 MMT in the coming months. Meanwhile, the market anticipates the total for this year will be a minimum 33 MMT. This number seems feasible if winter weather conditions are not too extreme and do not obstruct the interior and port logistics. The EU exported 400,000 MT last week, bringing the total to 7 MMT versus 9.3 MMT at the same time last year. French wheat remains unc...
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.