Wheat Last week’s rains slowed the wheat harvest, which advanced 9 percent last week. Argentina’s wheat crop is 40 percent harvested with yields averaging 1.68 MT/ha. Yields will start to increase as the harvest moves south and into areas less affected by drought. The crop is still estimated between 16.7-16.8 MMT. The local market has been slowly trading sideways between $205-210/MT ($245-250/MT FOB equivalent) with volumes mostly focused on spot positions. Farmers have sold 6.7 MMT so far, of which exporters have purchased 6 MMT. That is a sizeable volume for this point in the crop year given that the total export program is forecast at 10 MMT. The vessel lineup is starting to increase and there are vessels waiting to load 1...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
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.