For the moment, the trend of increasing quality that was observed in the Bulgarian and Romanian wheat crop during the past five years will be reversed as farmers are using a higher volume of quality seeds and more fertilizers and pesticides every year. Milling Wheat The Black Sea market once again remained nearly unchanged last week without any major trades reported. Weather conditions in southern Russia and Ukraine are generally favorable for wheat development. The new crop is not trading as actively as it usually does this time of the year.The EU allocated 130,000 MT of wheat export licenses last week. This brings the total to 25.2 MMT versus 17.1 MMT allocated at the same time last year.The Bulgarian and Romanian market is very quiet a...
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.