Milling Wheat The market is closely watching the weather development in southern Russia and Ukraine as the drought has been persisting for about three weeks with no rain in the forecast for the next 10 days. The winter wheat will certainly be fine for two more weeks without precipitation as there is still enough moisture in the soil. If rains do not appear by mid-May, however, the wheat will deteriorate irreversibly. The EU reported 365,000 MT of exports last week, bringing the total to 16.3 MMT versus 21 MMT at the same time last year. As the export pace remains slow, this year’s final total will probably not even reach 20 MMT versus most EU analysts’ estimate of 24-25 MMT just three months ago. The EU ending stocks will be h...
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...
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.