The milling wheat market in Romania and Bulgaria is notably quiet as farmers prefer to keep the rest of their production in hope of higher prices later. However, the usual uptrend after October/November is certainly not guaranteed because of one development. Milling Wheat The Black Sea market is steady. Interior prices in Russia continue to erode under the pressure of its record-large crop, but the FOB market is not following. This may be a sign that the ports’ logistical capacity has already been committed for September/October with not much room left for additional cargoes in that period. The Russian crop is estimated at 82-84 MMT (versus 73 MMT last year), which leaves more than 40 MMT export surplus on paper. However, the bottleneck i...
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...
Illuminating the value of technical research
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.