Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Iraq says it intends to tender for 500,000 MT of wheat in December 2021 or early 2022. The tender will cover all wheat needs until the next harvest in May 2022. Pakistan may have given approval to the transport of Indian wheat, by road, to Afghanistan but news stories are very confusing --- some say approval has been given while other say no. The Afghan foreign minister is said to have been assured that transportation will be allowed but other reports say that it is just being “favorably considered” Pakistan is shipping 10,000 MT of wheat flour to Afghanistan on the behalf of the World Food Program. Shipment is set to begin in the near future. The Turkish lira co...
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.