Regional News Egypt’s GASC purchased 240,000 MT of wheat (25 percent Romanian and 75 percent Russian) last week for shipment for 11-20 November and passed on offers for 21-30 November shipment. Milling Wheat World wheat markets were stronger again last week with Russia’s 2022 export ban (rumored to take effect from February through June) creating a backdrop of tightening world supplies. International demand remains solid on any break in the wheat market with the drought-reduced U.S. and Canadian spring wheat crops also tightening availability. German wheat prices are higher again this week, following the rally in Matif futures. Demand for European wheat at export ports remains strong with 8.07 MMT exp...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
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.