Milling Wheat The milling wheat market was quiet this week in anticipation of the important USDA report. The rising temperatures and rain in Russia and Ukraine have been favorable for wheat development, though the drought in France remained a concern. There already is damage on the wheat and barley crop in Spain. While there are persisting concerns about the drought in parts of Central Europe, rains have finally appeared in some regions.Egypt's GASC purchased 60,000 MT of Argentine wheat at $259.35 and 60,000 MT of U.S. SRW at $262.84 this week. Black Sea wheat was offered about $20 higher and French wheat was offered about $40 higher.The EU allocated 210,000 MT of wheat export licenses this week, bringing the total to 10.5 MMT versus 15...
Key Takeaways: President Trump announced $8 billion in additional agricultural assistance through the Harvest Fuel Relief Program, as USDA projects farm fuel and oil expenses will increase 28.8 percent in 2026. The package follows $12 billion in earlier relief, while government farm payments w...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
Beef packer margins deteriorated to $141/head last week, down $55 from the prior week as fed cattle prices strengthened while the Choice cutout remained nearly unchanged. The cutout held near $373/cwt while fed cattle prices climbed $4/cwt to $224/cwt, narrowing processor profits. Despite the d...
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.