Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt has begun to harvest trial plantings of GMO wheat that is expected to increase crop yields by 33 percent. The wheat is said to be drought resistant and able to be grown in areas with high saline levels in the soil. A grain vessel from Russia held in Crimea has been refused entry to Egyptian ports, according to unconfirmed Egypt press reports. Iran’s Flour Producers Association said that wheat imports this year will be 6 to 7 MMT. Russia is normally the main supplier of Iran’s wheat imports. Iran, Egypt, Turkey, and Israel were the main importers of Russian wheat last week. Total week’s exports reached 485,000...
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.