The weather remained unstable in Romania and Bulgaria last week, impacting the harvest. Exporters in Bulgaria are only offering feed wheat at the moment as it is already clear that the majority of the surplus will not meet the export quality standards for milling wheat. Milling Wheat The Black Sea market was under pressure last week as the harvest continues to progress with reported yields that are higher than anticipated. The tragedy of the downed aircraft in Ukraine did not have any impact in the cash market.The EU allocated 151,000 MT of soft wheat export licenses, bringing the total to 501,000 MT since the start of the new campaign on 1 July.The Algerian state grain agency OAIC bought 810,000 MT of French wheat last week at -$268-269...
Key Takeaways: Dry bulk markets are mixed with Capesize rates seeing solid gains while Panamax values slipped on a growing tonnage list. Supramax and Handysize vessels were stronger, though all sectors remain vulnerable to the seasonal dip in rates through Q4 and into Q1. Falling water l...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
Key Takeaways: Expected growth in U.S. soybean crushing capacity and output, driven by biofuel demand, will increase domestic soymeal supplies, with production growth significantly outpacing demand. WPI forecasts soymeal production increasing from 65.8 million short tons in 2026/27 to 70.5 mil...
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.