Wheat Wheat is going through a challenging time in Argentina. The decline in prices, both in the local and export markets, has been constant over the last few months and has pushed values to levels that are very difficult for producers to absorb. Currently, in the local market, transactions are taking place at levels of $195-198/MT, equivalent to $230/MT FOB. Meanwhile, with a stable official exchange rate, 25 percent inflation for December, and estimated inflation of 20 percent for January and February, costs measured in dollars are increasing significantly. This includes the prices of inputs, fuel, harvesting, freight, etc. Consequently, farmers are suffering a drop in prices of around $30/MT over a short period, while their costs...
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 “...
What You Need to Know Today: Iran says its definition of the Strait of Hormuz is now a “vast operation area” that stretches from Jask to Siri Island. The White House said President Trump did not sign a suspension of the TRQs on beef imports but is “finalizing potential...
If the media headlines and Trump critics are to be believed, President Trump is headed to Beijing this Thursday in a weakened position. China is in control, it has the upper hand, and expectations are very low. These are the same critics that argue against overly simplistic zero-sum analyses in...
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.