Milling Wheat The market is closely watching the weather development in southern Russia and Ukraine as the drought has been persisting for about three weeks with no rain in the forecast for the next 10 days. The winter wheat will certainly be fine for two more weeks without precipitation as there is still enough moisture in the soil. If rains do not appear by mid-May, however, the wheat will deteriorate irreversibly. The EU reported 365,000 MT of exports last week, bringing the total to 16.3 MMT versus 21 MMT at the same time last year. As the export pace remains slow, this year’s final total will probably not even reach 20 MMT versus most EU analysts’ estimate of 24-25 MMT just three months ago. The EU ending stocks will be h...
What You Need to Know Today: Brazilian President Luiz Inácio Lula da Silva secured reelection on Sunday, defeating right-wing Senator Flávio Bolsonaro despite trailing in the first round of voting. The surprise victory triggered a sharp selloff in Brazilian financial market...
The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...
Key Takeaways: Total U.S. crop acres (excluding hay) are forecast to expand fractionally this year due to greater oilseed crop and winter wheat plantings. One of the key drivers of this year’s crop outlook is input costs, and crops with a lower cost profile have an advantage in producers...
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.