Milling Wheat The rains in Eastern Europe have finally stopped and the winter grain plantings in Ukraine and Russia have resumed. Last week, the planted area in Ukraine was about 2 million hectares behind the normal schedule for this date and in Russia the number was about 3.5 million hectares. The weather for the next two weeks is forecasted to be dry with higher than normal temperatures. Farmers will do their best to compensate for the accumulated planting delays. Since the plantings will finish beyond the recommended (optimal) period, the weather over the next two months will be crucial for the wheat's early development. An early winter arrival will certainly cause more damage to the crop than in a normal year.The Russian government...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
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.