Wheat There are interesting dynamic’s with Argentina’s old crop wheat. The first is an escalation in demand, not only from Brazil but also from various African countries. With supplies limited due to government restrictions and booming demand, FOB prices started to rise. The May/June Upriver 11.5 percent protein positions rose about $15/20/MT during the first two weeks of April. Then the biggest increases occurred with an additional $35/MT rally in the last two weeks. Consequently, May shipment went from $375/MT to $435/MT while June went from $385 to $440/MT. In the middle of these increases, there was good volume traded in the FOB market to multiple destinations, but Brazil was always in the lead. At the end of last we...
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.