Regional News The weather over Eastern Europe and the Black Sea continues to be warm but with favorable rains. Western Europe will remain dry, however, Ukraine’s grain harvest is 70 percent complete with only 12 percent of the corn crop harvested so far. Corn yields have been above average at 5.97 MT/ha. Black Sea wheat could again be competitive in a Bangladeshi tender for 50,000 MT of wheat that is set to close on 6 October. Bangladesh, which has been increasing its wheat imports as consumer incomes rise and preference shift from rice to bread and other wheat-based products, has increasingly turned to the Black Sea as its major wheat supplier. Russia was the winner of Bangladesh’s last recorded purchase on 30 July for...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
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.