Milling Wheat Ukrainian and Russian wheat are not competitive anymore. Some offers for Ukrainian wheat were still available earlier this week. After the export ban was made official, however, buyers retracted because the risk involved in such a trade is considered to be too big.The EU allocated 242,000 MT of wheat export licenses, bringing the total to 4.9 MMT versus 4.5 MMT allocated at the same time last year.The market in Bulgaria and Romania was quiet this week. There was more interest in December shipment for milling wheat and feed grade wheat, but it is difficult to find offers other than those for prompt loading. The decreasing liquidity in Ukrainian and Russian ports will certainly shift demand to Bulgarian and Romanian Black Sea...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.