Regional News French traders continue to express concern about losing wheat market share with Algeria and now China increasingly relying on Russian wheat. Recent news that China waived phytosanitary requirements for Russian wheat and barley are increasing worries that the Middle Kingdom, so far a major buyer of French wheat given the poor quality of the 2021/22 harvest, will favor Russian grain going forward. The weather in northern Africa remains hot and dry, which is escalating concerns for a significant crop-damaging drought in the region. European traders are watching the situation carefully as a crop failure in the region could pull large volumes of wheat, barely, and maize from the EU into Africa. Additionally, parts of...
What You Need to Know Today: Corn, wheat, and the soy complex all formed new contract or at least rally highs to close what has become one of the most uniformly bullish weeks in CBOT history. Escalations in the fighting between Russia and Ukraine and attacks on civilian merchant vessels show n...
Macro: Trade Flows Set the Tone Persian Gulf crude flows appear to be improving, with anecdotal estimates suggesting as much as 7–8 million barrels per day may now be leaving the region — nearly double the mid-July pace. That helps explain why crude has not maintained the full geopo...
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.