Milling Wheat The Black Sea market remained under pressure last week, as the Russian and Ukrainian harvests are progressing under favorable weather conditions and the Mediterranean countries' import demand is slow. The Urals and Volga Valley may have suffered from the recent drought, but the prospects for producing a crop above 50 MMT versus 37 MMT last year are still considered realistic.The EU allocated 435,000 MT of wheat export licenses last week, which brings the total to 1.03 MMT since the start of the new campaign.The Egyptian GASC bought 120,000 MT of Romanian, 60,000 MT of Russian and 60,000 MT of Ukrainian wheat last week at $251.92-$252.25/MT.The Bulgarian and Romanian harvests are completed. Bulgaria's crop is estimated at...
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.