One of the consequences of Brexit is the disappearance of offers for UK feed wheat, which had been the cheapest origin for the Spanish market. This has also had an impact on the pricing of stocks from another country. Milling Wheat The Black Sea market is weaker as the harvest is starting and the number of offers in the export market is increasing every day. The 12.5 percent protein Russian wheat is offered aggressively for July, August and September, but offers for October onward are difficult to find. The spread between the 12.5 percent pro and the feed wheat is below $10, which is half of the normal historical level, but the quality concerns related to the excessive rains in southern Russia during the past two months should be widening...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.