Milling Wheat The Black Sea market remained about unchanged last week. Russia has exported about 31 MMT so far this season, and most analysts are now estimating this year’s total will be 35 MMT (versus 41 MMT last year). Weather conditions in southern Russia and Ukraine have been generally favorable for winter wheat development so far with normal precipitation and minimal losses from winterkill. However, market operators are closely monitoring the weather development in southern Russia as some regions have been very dry during the last month with no significant rains in the forecast. The EU exported 482 KMT last week, bringing the total to 14.1 MMT against 15.1 MMT at the same time last year. That 1 MMT gap between this year’s...
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...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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...
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.