The EU allocated 991,000 MT of wheat export licenses last week, a decline from 1.6 MMT during the same week a year ago that was largely due to the Russian export ban. This brings the current total allocation to 19.4 MMT versus 22.9 MMT at the same time last year. Milling Wheat The domestic market in Russia is lower but not to the same extent as the ruble’s rally during the last two months (gaining about 15 percent). Origination at levels around $178 FOB or below is becoming increasingly more difficult. Meanwhile, weather conditions in Ukraine and southern Russia are favorable for winter wheat development. The winter is almost over, and there is no risk of frost in the 10-day forecast.The EU allocated 991,000 MT of wheat export licenses la...
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.