Ukraine's mllling wheat prices increased, mainly due to international factors such as the higher purchase price on the GASC tender and lower-than-forecast quality of the Russian wheat. There was also another domestic factor contributing to the growth. Russian Grain Markets Market Trends: 17-21 October 2016 The same trends of previous weeks continued as milling grain prices increased due to the low quality of the harvest. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in Central (-$1.20/MT), Black Soil (-$0.80/MT) and Volga Valley (-$0.02/MT), but they grew in the South(+$3.20/MT), Ural (+$0.30/MT) and Siberia (+$2/MT).4th grade milling wheat prices dropped in Central (-$0.50/MT) and Black Soil (-$0.20/MT) but remained sta...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
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.