Regional News Russia’s ag ministry says the country exported a record volume of 70 MMT of grain in 2023/24 but that total will fall to 60 MMT for 2024/25 due to smaller production. Last week, Tunisia purchased 125 KMT of soft wheat at prices ranging from $243.99-246/MT C&F and 50 KMT of durum wheat at prices between $322.89-326.29/MT C&F. Milling Wheat Wheat futures were mostly lower last week with bearish sentiments from the broader grain and oilseed complex and the late-week crash in macroeconomic markets weighing on values. Chicago futures hit a four-year low last week while European prices were mostly sideways with a weaker tone as the market awaits the quality results from the French and German...
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.