Milling Wheat The market in the Black Sea is a little more active. The weather is improving and the movement of grains in the domestic and export markets is slowly improving as well. There is no update regarding possible wheat export restrictions from Russia and Ukraine and the market seems less concerned about it for the time being. It's now easier to find offers, especially for April shipment.The 1.2 MMT of wheat TRQ licenses allocated early January are expiring at the end of March and a significant portion of the wheat may not be cleared on time due to the severe winter conditions in the Black Sea and the Azov Sea. Sellers are claiming force majeure, although the CIF contracts generally do not contain such a clause. Importers are aski...
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...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.