The market in Romania and Bulgaria is very quiet. While the domestic wheat price has increased about $10 over the last three weeks, farmers are still reluctant to sell as they are hoping for higher prices later in the campaign. Meanwhile, there is a notable difference between the two countries' volume of exports. Milling Wheat The Black Sea market is firmer. The price for Ukrainian 11.5 pro has rallied about $8 in two weeks, and the Russian 12.5 pro price increased $5 during the same period. Demand for Ukrainian wheat has been stronger than for Russian origin lately as India is not accepting the latter for phytosanitary reasons. In addition, the farmer selling in Ukraine has slowed significantly due to the start of the corn campaign. That...
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...
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On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.