Romania usually exports a very limited volume of feed wheat as the average protein level is above 11.5 percent and gluten is usually above 25 percent. However, feed wheat's share of total exports could rise significantly this year. Milling Wheat The Black Sea market is under pressure as the region's harvest is progressing and farmer selling is growing every day. At the current price for August shipment, Russian wheat should generate only the minimal 50 ruble ($0.90) export tax. The harvest in Ukraine and southern Russia is slow due to the excessive rains persisting during the past two weeks. The quality in Ukraine is reported to be lower than the five-year average, and there are increasingly more offers in the market for its feed wh...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.