Milling Wheat The wheat market in the Black Sea was very quiet this week. Apart from a rumor that a cargo of Ukrainian wheat traded at $350 FOB, there were no other reported trades and no offers for Russian or Ukrainian wheat in the big ports. The only offers for Russian wheat that could be found were for small coaster-size vessels from the Azov Sea, and the offered volume was very limited. The Turkish market most probably will absorb this limited volume in the coming days.The winter wheat conditions in Russia and Ukraine are not perfect, but there is no serious concern at the moment. Certain regions in Russia suffered from the unusually early frosts in December that caused some winterkill. However, the extent to which the winterkill dam...
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.