Milling Wheat The Black Sea market again remained about unchanged last week. Demand for Black Sea wheat is slightly weaker than in the peak months of August and September. The pace of exports is also expected to slow during the winter months. Russia was exporting at a record pace of nearly 4 MMT in each of the past three months, but that is expected to drop to an average 3 MMT in the coming months. Meanwhile, the market anticipates the total for this year will be a minimum 33 MMT. This number seems feasible if winter weather conditions are not too extreme and do not obstruct the interior and port logistics. The EU exported 400,000 MT last week, bringing the total to 7 MMT versus 9.3 MMT at the same time last year. French wheat remains unc...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
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.