Regional News Drought in Romania has affected over 2 Mha of wheat, corn, rapeseed, and sunflower seed with about 40 percent of the crops having been destroyed. This is the fourth year of the past five in which drought has caused significant damage to Romania’s crops. Tunisia purchased 75 KMT of soft wheat – most likely from Black Sea origin – at prices between $243-246/MT C&F for September-October delivery. Milling Wheat Global wheat markets are short on bullish news and enthusiasm, which has led to widespread price declines over the past two weeks. The EU market has been the downside leader with pressure coming from the strong euro/U.S. dollar exchange rate. Additionally, EU wheat exports r...
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.