Milling Wheat The Black Sea market has gained about $2.00. The FOB prices followed the rally of the U.S. and EU futures’ markets early in the week but not their later correction. The domestic market in Russia remained stable in rubles, and that currency weakened slightly against the USD due to erosion of the crude oil price. The weather there remains generally favorable for winter wheat. Temperatures in central Russia are expected to fall sharply in the coming days and reach -20˚C. However, these regions have received abundant snowfall during the last few days, and the crop should be well protected. The EU reported that 198,000 MT were exported last week, bringing the total to 12.2 MMT versus 15 MMT at the same time last year. The d...
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.