Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA: Morocco has removed the import duty on soft wheat and durum wheat until 15 June. The Morocco Ag Ministry reports that soft wheat stocks will cover three months normal consumption but a sudden jump in demand related to COVID-19 will reduce stocks. Also from Morocco, the government is distributing about 250,000 MT of subsidized barley to farmers in areas that have been hit by drought. The farmers will pay 2 dirham per kilogram which is about $200/MT, well below the current local market price. Buyers of Russian wheat in the MEA region may have to face wheat export limits by Russia. The government is said to be considering setting export limits due to a very rapid rise in wheat...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
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.