Milling Wheat The offers for Ukrainian and Russian wheat practically have disappeared due to the lack of farmers selling and bad weather in ports. Part of the winter wheat crop in Russia and Ukraine is still vulnerable to frost because there are regions without an adequate snow cover. The weather in the next few weeks will be crucial for winter wheat development.Egypt's GASC purchased 180,000 MT of U.S. SRW this week at $334.60 FOB with $24.70 freight. The cheapest offer for French wheat was at $348 and there were no offers for any other origins. GASC has to buy about 1 MMT of additional wheat before the end of the current campaign. Considering the tight EU wheat balance, the majority of the future purchases will be from the United State...
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
What You Need to Know Today: Harvest pressure in the U.S. sent corn and soybeans lower as supplies increased and there were signs USDA’s upward revisions to yields in the October WASDE could be close to right. The conflict between Russia and Ukraine escalated over the weekend, with Ukrai...
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.