The general perception in the market is that the wheat is overpriced due to the high political risk premium now included since the start of the Ukrainian/Russian conflict. Milling Wheat The Black Sea market has remained about unchanged for the past few weeks. While the offered volume is not significant, demand is also difficult to find. The general perception in the market is that the wheat is overpriced due to the high political risk premium now included since the start of the Ukrainian/Russian conflict. Major buyers/consumers in the Mediterranean destinations are buying on a hand-to-mouth basis. Farmer selling in the Black Sea region is very slow as the new crop is not secured yet. The trade is not willing to take significant positions...
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.