Milling Wheat The Black Sea market remained unchanged last week. Prices have been stable since July. Exporters are not pressing the market too aggressively as the Black Sea wheat is attractive enough versus other origins, and there is no threat of any kind of export restrictions this year. There are reports of quality problems in Russia. The share of milling wheat versus feed wheat in Ukraine seems to be higher than expected. It became very difficult to find offers for feed wheat.Egypt's GASC purchased a total of 235,000 MT of wheat last Tuesday. It bought 60,000 MT of Romanian at $254.88/MT, 60,000 MT of Russian at $254.50/MT and 115,000 MT of Ukrainian at $251.66/MT and $251.88/MT. The cheapest offer for French wheat was $257.80/MT...
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.