The remaining exportable wheat surplus in Serbia totals about 800,000 MT with approximately 500,000 MT exported since the start of the campaign. Despite the low prices, farmers started selling their stocks in recent weeks as they still have a great deal to trade, and the new crop is coming in just five months. Milling Wheat The Black Sea market is under pressure in sympathy with French, German and UK wheat. The 11.5 percent protein Ukrainian origin dropped about $6 from last week, mainly due to the lower UAH versus the USD. The offered volume of Russian 12.5 percent protein is limited and priced only about $2 lower than the week before.Egypt’s GASC purchased 300,000 MT of wheat last week at the average price of $185.46, approximately $8 l...
What You Need to Know Today: Agricultural commodities were mostly lower on the day, with red-hot soyoil a notable exception. Export sales were a bit underwhelming, particularly for corn with export sales down 52 percent week-over-week. The weakness in ag markets tracked crude oil weakness wit...
With the war in Iran affecting fuel and fertilizer prices, higher tariffs, weak commodity prices, ag labor constraints, and other factors, farm bankruptcies are now at a 6-year high, a signal of growing stress. During the month of April, 62 Chapter 12 bankruptcies were filed, which is a 1...
Food Inflation The Open Markets Institute, which is notably funded by several “anonymous” donors and liberal foundations, obtained a guest editorial in the New York Times in which they blame agribusiness concentration for higher grocery prices. This is their schtick and it is politi...
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.