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...
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.