Offers of feed wheat are very difficult to find in Ukraine, and none are available in Romania and Bulgaria. The only available origin in the Black Sea is Russian, but one trait is limiting its potential destinations. Milling Wheat The Black Sea market stayed supported last week due to slow farmer selling and difficult logistics. The Russian ruble continues to rise against the USD, which is limiting the export potential for the coming weeks as export margins are currently negative. The weather in Eastern Europe is generally favorable for wheat development, and the crop is covered with an adequate snow cover to protect it against freezing.The EU exported 515,000 MT last week, bringing the accumulated total to 14.7 MMT versus 15.7 MMT at the...
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.