The Black Sea market remained about unchanged during the past three weeks. The Russian wheat balance sheet looks heavy on paper, but two factors are preventing the export market from falling. Milling Wheat The Black Sea market remained about unchanged during the past three weeks. The Russian wheat balance sheet looks heavy on paper, but the slow farmer selling and firmer ruble are preventing the export market from falling. The weather in Eastern Europe is not currently causing any serious threat. The snow cover in the majority of the region is adequate for protecting the wheat from the wave of extreme cold that crossed over during the weekend.The EU exported 170,000 MT of wheat last week, bringing the total to 12.9 MMT versus 12.7 MMT at...
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.