Algeria bought 480,000 MT of wheat last week for December delivery, paying $211-212/MT CNF. The sales were certainly based on French wheat because of an issue with Black Sea origin. Milling Wheat The Black Sea market was firmer early last week and then stabilized later. Meanwhile, the market in Russia was firmer in the south and weaker in Siberia where the stocks are considered to be the most burdensome. The harvest in Russia is 95 percent completed, and the reported yields continue to impress as they are about 15 percent higher than last year.The EU exported 375,000 MT last week, bringing the total to 4.5 MMT versus 6.8 MMT at the same time last year.Algeria bought 480,000 MT of wheat last week for December delivery, paying $211-212/MT C...
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...
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.