Milling Wheat The Black Sea wheat market was very quiet this week. The rumors about one or two cargoes of U.S. SRW being sold to Russia remain unconfirmed. There are still offers for Russian wheat in small coasters from the Azov Sea, which sounds strange when the domestic market is on fire and the country most likely will start importing in the coming weeks. However, the deficit is in the north and the surplus is in the south, and the distance between the two is 1,000-1,500 kilometers.A trade for Russian new crop 12.5 percent protein wheat was reported at $285 FOB Novorossiysk. The 11.5 percent protein wheat is offered at $267. Tunisia purchased 92,000 MT of optional origin wheat, paying between $354-360. It was reported that 25,000 MT w...
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.