Regional News Romania moved to extend its grain import licensing system for Ukrainian products through the end of 2025. The measure is intended to minimize price and oversupply pressure on Romania’s domestic markets but disrupts the free trade flows arranged in the EU framework earlier this year. The move will force Ukraine to reevaluate its grain export routes and could affect global pricing, especially for wheat and corn, as harvest moves closer. The euro currency continues to gain against the U.S. dollar in a move that is pressuring EU grain/oilseed futures, physical markets, and exports. The weather forecasts continue to issue a challenging outlook for Europe with respect to crop development in the next two weeks...
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.