Milling Wheat The milling wheat market in the Black Sea is under pressure in sympathy with U.S. wheat, but with very limited activity. The exporters are not particularly aggressive in the absence of farmers' selling, and the buyers in major destinations prefer to abstain from buying because offers are coming down every day.The Egyptian GASC did not announce any tender this week. Earlier this week it was reported that the GASC already had purchased 2.6 MMT of local wheat versus 2.2 MMT purchased at the same date last year.The EU this week allocated 135,000 MT of wheat export licenses, bringing the total to 12.2 MMT versus 17.8 MMT allocated at the same date last year.The weather in Bulgaria and Romania is excellent for the wheat developme...
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.