Milling Wheat Ukraine's wheat export ban has yet to be made official. The government has been criticized by both the EU and the IMF after last month announcing that exports would be stopped effective 15 November. Exporters fear that the government will find alternative ways to stop exports if it decides not to officially impose a ban.The EU allocated 421,000 MT of wheat export licenses, bringing the cumulated total to 5.75 MMT versus 5.5 MMT allocated at the same time last year. Brussels voted yesterday to extend the "zero duty" on the 2.4 MMT imports under the tariff-rate quota until the end of the 2012/13 campaign.Lebanon purchased 25,000 MT of Ukrainian wheat at $364.45 and 25,000 MT of Russian at $376.45 for November/December shipmen...
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...
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.