The EU has allocated a higher number of wheat export licenses compared to a year ago at this time.This is not surprising, though, when considering certain price factors. Milling Wheat The EU allocated 1.67 MMT of wheat export licenses last week, bringing the total to 18.4 MMT versus 18.2 MMT at the same time a year ago. This high volume of export sales was not surprising as French, German and Polish wheat were much more competitive than Russian and Ukrainian origins during the past few weeks.Egypt's GASC bought 120,000 MT of French wheat and 180,000 MT of Romanian wheat at an average price of $236.25/MT CNF. There were no offers for U.S. SRW wheat, which theoretically would have been priced about $10/MT higher that day than the Romanian w...
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...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.