World Perspectives
feed-grains soy-oilseeds wheat

Southeast Europe Regional Analysis

Milling Wheat The Black Sea market was weaker during most of last week due to harvest pressure. However, the downtrend was reversed on Thursday after publication of the USDA WASDE report and several other analysts’ bullish projections. USDA lowered the Russian and Ukrainian crops by 1.5 MMT and 1 MMT, respectively, from its June report. It is now forecasting the Russian crop at 67 MMT, and the Russian Ag Ministry surprised the market on Friday when it announced an estimate of 64.4 MMT. USDA’s estimate of the Russian crop last month was certainly among the most pessimistic in the market at that time. Today, however, there are analysts and operators working with lower numbers than that. We hear some as low as 61 MMT, reflecting a...

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feed-grains soy-oilseeds wheat

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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.

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