The wheat market in Romania and Bulgaria remains very quiet as farmers are not selling at current market prices. They are still holding a large volume of stocks in the hope of higher prices later in the campaign. Meanwhile, there has been a change in the planting situation. Milling Wheat The Black Sea market is slightly firmer, and Russia’s domestic market prices are higher as a result of the strengthened ruble and slow farmer selling.The EU allocated 423,000 MT of wheat export licenses last week, bringing the total to 6.8 MMT versus 5.8 MMT at the same time last year.The market in Romania and Bulgaria remains very quiet as farmers are not selling at current market prices. They are still holding a large volume of wheat in the hope of high...
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: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
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.