Milling Wheat The market in the Black Sea is nearly unchanged this week with very little reported activity. The winter is not causing a particular threat to the crops in Eastern Europe. Ukraine will probably have to replant 20 – 30 percent of the winter wheat (about 1.5 to 2 million ha) due to the severe drought during the fall.The weather in Bulgaria and Romania is favorable for winter wheat development. The temperatures are milder than the normal season level. The snow has melted on a significant part of the region and the wheat is vulnerable to a sudden frost. However, the forecast for the next ten days does not call for dangerously low temperatures. Without any serious weather problems during the spring, the crops in in the region sh...
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.
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...