Ukraine's milling wheat prices dropped under the pressure of lower prices on European markets and increasing offer. Most traders have also completed their urgent shipments, so there is currently no desperate need for supplies. Russian Grain Markets Harvest Update As of 10 August 2015, 51.6 MMT of grains were harvested from 17 million hectares compared with 58.8 MMT from 18.2 million hectares in 2014. This included 39.6 MMT of winter and spring wheat from 11.9 million hectares and 8.2 MMT of winter and spring barely from 3.2 million hectares. 185,800 MT of rapeseed were harvested from 103,500 hectares. Market Trends: 3-7 August 2015 Milling wheat prices increased on the Russian market, while feed wheat prices were more or less stable...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.