Milling Wheat The milling wheat market in the Black Sea is extremely firm with very limited volume offered in the export market. Russian wheat nominally remains the cheapest origin for the Mediterranean; however, offers for Russian wheat are difficult to find and the price for this origin will not continue to be so competitive if the destinations are not as quiet as they were today. The estimates for the Russian crop are ranging from 46-49 MMT and the projected exports are about 12 MMT (versus 21 MMT in 2011/12).The EU allocated 98,000 MT of wheat export licenses in the second week of the new campaign, bringing the total to 200,000 MT versus 359,000 MT allocated at the same time last year.The weather in Bulgaria and Romania is favorable...
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.