Regional News Through 29 March, Ukraine has exported 35.593 MMT of grain for MY 2023/24, below the 37.382 MMT exported during the same period the prior year. Wheat exports total 13.7 MMT, barley shipments reached 1.962 MMT, and corn exports total 18.6 MMT. Egypt’s state-owned GASC purchased 17.250 KMT of sunflower oil at $930/MT C&F delivery along with 18 KMT of soyoil at $1,050/MT C&F, both for May delivery. Turkey is set to become the world’s second largest exporter of hard wheat, rising in the rankings due to falling shipments from Canada. Turkey has already shipped 1.5 MMT of hard wheat in 2023/24 after becoming a net exporter for the first time. Milling Wheat Wheat prices were mixed but mostly...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...
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.