Milling Wheat The Black Sea wheat market is under pressure because of the ongoing harvest and slow demand. The crop in Russia has been revised slightly down because of the drought in Siberia. Ukrainian yields seem to be in line with expectations, however, the overall wheat quality is rather disappointing.The EU allocated 125,000 MT of wheat export licenses in the first week of the new campaign.The Egyptian GASC purchased 120,000 MT of Romanian and 60,000 MT of Russian wheat at $250/MT FOB and $253/MT FOB respectively. The GASC has been absent from the market for more than four months.Tunisia bought 75,000 MT of 11.5 percent protein Black Sea origin wheat at $259/MT CNF. Jordan paid $283/MT and $287/MT for 12.5 percent protein Black Sea w...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.