Milling Wheat The Black Sea market remained about unchanged last week. The weather in Russia improved for the spring wheat harvesting in Siberia but remained dry in the south at a critical time for the winter wheat’s early development. The Egyptian GASC bought 180 KMT of Russian wheat last week at an average $253.25/MT CNF for 1-10 December shipment. The price was about $8/MT more than the tender held two weeks earlier. There were several offers for Romanian origin with one each for Ukrainian and French, but all were priced about $5-10/MT higher than the Russian stocks purchased. Tunisia bought 25 KMT of optional origin wheat at $249.11/MT CNF for November shipment, up $17/MT versus the 14 September tender. The market in Romania a...
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.