Regional News Wheat shipments through the Suez Canal have fallen 40 percent in the first half of January, due to the ongoing Houthi rebel attacks in the Red Sea and Gulf of Aden. Crop consultants report limited damage to waterlogged winter crops in France and Germany from the recent cold snap. However, the rain remains a concern for planting season, and the same holds true for the UK. Milling Wheat Global wheat prices are steady/lower with competition from Russia weighing on export opportunities. EU prices followed this trend and scored new contract and multi-year lows early last week. The EU markets ended down about €5/MT last week, with Egypt’s snap tender purchase of 60 KMT of French wheat offering...
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.