Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Morocco’s current zero wheat import tax is expected to be extended until September rather than expiring on 31 May. Morocco’s drought driven wheat imports are up by almost 70 percent over 2021/22. The wheat crop is forecast to improve in 2023/24 but still be well below average. Kuwait’s Foreign Minister met, on 4 June in Kuwait, with the UN coordinator for the Black Sea Grain Initiative to discuss the importance and the future of the Black Sea program. Kuwait supports the initiative and is working toward a solution for the Russia-Ukraine conflict. Yemen’s local grain crop is expected to total about 405,000 MT this year, but grain imp...
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.