The quality of French milling wheat is higher than normal with average protein around 12 percent, but exports are lagging quite a bit this year because of certain factors. Milling Wheat The Black Sea market is under pressure due to the lack of buying interest, and it is still digesting the new Russian and Ukrainian crop estimates. Last week’s USDA forecast of 77.5 MMT for Russia (up 5 MMT from July) was followed by other analysts’ estimates that were close or even above that number. However, the USDA estimate of 26.5 MMT for Ukraine is considered about 2 MMT too high by most trading houses. On paper, the total Russian wheat supply at the start of the current campaign is up about 10 MMT versus last year, which is due to the increase...
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.