Regional News Tunisia purchased 75 KMT of soft wheat at prices of $233.25-329.90/MT C&F along with 50 KMT of hard wheat at $383.93-384.48/MT C&F for May delivery. Jordan purchased 60 KMT of feed barley from an unspecified origin at $232.95/MT C&F. Morocco plans to import 5 MMT of soft wheat in its new season, due the impact of reduced acreage of just 2.3 Mha. Milling Wheat EU wheat markets have seen less volatility than the Chicago market, despite expectations of a smaller EU wheat crop this year. Paris futures were mostly sideways last week while French cash prices saw some strength on export demand and German values declined slightly. Russian export prices rose for the third straight week las...
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.