Milling Wheat The price of Russian and Ukrainian wheat for July/August shipment remained about unchanged last week. Offers for deferred positions are difficult to find in the physical market. However, the CME futures market for Russian wheat reflects $22.00 carries between July and December. The trade is expecting the Russian wheat to appreciate quickly after the harvest period. Approximately15 MMT have been harvested so far, and the yield is about 20 percent lower than last year. The EU reported 209,000 MT of exports for the first week of the new campaign versus 230,000 MT at the same time last year. The harvest in Romania and Bulgaria didn’t advance much from the previous week due to the continuing excessive rains, which have bee...
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.