Wheat Market The chart below displays the Argentine milling rate per month for the prior three years. Argentine millers crushed 6.4 MMT during 2011, 6 MMT in 2012 and 3.9 MMT until September of 2013.It is graphically evident that the milling rate during 2013 is below the last two years. Please note the more pronounced decline in 2013 milling that occurred from June onward due to limited stocks and high prices for milling quality wheat. The milling rate has declined to about 350,000 MT per month, compared with historical rates closer to 500,000 MT per month. At the present reduced rate, Argentina's total milling would be about 5 MMT.The Brazilian government's recent authorization of an additional 600,000 MT of wheat at tax-free rates cr...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.