Milling Wheat The wheat market in the Black Sea remained quiet this week. Bulgaria has a remaining surplus of about 300,000 MT and is now the only origin in Southeast Europe where it is possible to buy some volume. The average quality of the Bulgarian wheat this year is 12.5 percent protein and 160 W. It currently is offered at about $310 FOB, which makes it the cheapest origin to Mediterranean destinations after U.S. SRW.The EU this week allocated 476,000 MT of wheat export licenses, bringing the total to 14.2 MMT (excluding durum and flour) versus 9.82 MMT allocated at the same time last year. At the current pace, total exports from the EU will probably exceed 18 MMT (including durum and flour) at the end of June, which will leave...
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.