Most analysts are now predicting that the 2014 Russian and Ukrainian crops will be higher than last year with Russia's estimated at 52-54 MMT and Ukraine's at 22-23 MMT. The combined exportable surplus is forecast at 28-29 MMT. Milling Wheat The Black Sea market remained close to unchanged last week. The harvest has begun in parts of Ukraine and southern Russia, although the volume is very small, and there is no harvest pressure yet. Weather in Eastern Europe remains favorable for the maturing of crops and the early harvest. Most analysts are now predicting that the 2014 Russian and Ukrainian crops will be higher than last year. Russia's is estimated at 52-54 MMT and Ukraine's at 22-23 MMT. The combined exportable surplus is forecast at 2...
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.