It has become difficult to find offers for Russian 12.5 protein wheat below $180 FOB, while German wheat with similar quality is offered at $175 FOB. Meanwile, farmers in Romania and Bulgaria are concerned about low prices as they still hold large stocks. Milling Wheat The Black Sea market remained about unchanged last week. The liquidity in the export market in Russia and Ukraine is shrinking. It has become difficult to find offers for Russian 12.5 protein wheat below $180 FOB, while German wheat with similar quality is offered at $175 FOB.Egypt’s GASC held four tenders during the past three weeks and cancelled two of them, claiming that the offered prices were too high. It purchased 60,000 MT of Romanian wheat at $190.88 ten days ago. T...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
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.