Milling Wheat The market in the Black Sea had a quiet start after the holidays. The Russian and the Ukrainian old crop wheat positions are practically unspoken for. The weather in Russia and Ukraine has not posed any threats to the winter wheat crop's development, because despite the limited amount of snow, the winter has been relatively mild so far. We started to hear discussions about new crop Russian wheat (September 2013) at around $275 FOB (about a $20 discount to French wheat and more than a $55 discount to U.S. SRW). Despite the attractive value for Russian wheat, not many traders would risk buying it today because there is a long way to go until the new crop becomes a reality and the risks involved in such a trade are still very...
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.