Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Regional buyers/importers of wheat continue to watch the Russia situation very closely. As can be seen by the Russia wheat export numbers further down in this report, Russia is a very significant wheat supplier to the Middle East and Africa. Russia has now decided to allocate the wheat export quota by exporting company with about 70 percent of the export quota going to the “top ten” companies, including GTCS, Aston, Solaris, Viterra, Cargill, OZK, Zerno-Trade, LDC, AST, and Artis-Agro. The recent FAO report on Iraq shows grain production up by 32 percent to almost 9 MMT: 6.2 MMT wheat, 1.8 MMT barley, and 300,000 MT maize. 2020/21 grain production is more than doub...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.