Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Iran reports that its cereals imports for 2022/23 will drop by 25 percent due to a nearly 5 MMT increase in local cereals production. Wheat production is expected to increase by 4 MMT to 130 MMT with wheat imports dropping from close to 8 MMT to about 3.4 MMT. Corn imports are expected to be unchanged at about 9 MMT. Local corn production is also steady at 1.3 MMT. Egypt reports that its first shipment of 55,000 MT of Indian wheat has arrived and passed all quality requirements for importation. This is reportedly the first ever shipment of Indian wheat to Egypt. Egypt’s purchase of local wheat has reached 3.9 MMT which is already 300,000 MT higher th...
After spending much of the year searching for a reason to stay, the bulls suddenly have several. Grain markets have strengthened, wheat is leading the charge, outside markets are becoming more supportive, and geopolitical and weather risks are once again demanding attention. Does that mean the...
Key Takeaways: Cover crops are gaining adoption as farmers seek to improve soil health, reduce erosion, and build more resilient cropping systems. While cover crops do not provide immediate revenue, their long-term benefits include improved nutrient retention, water management, and soil produc...
The latest EIA data showed some interesting anomalies in the ethanol industry, changes that will have a material impact on the industry’s profits and corn consumption for 2025/26 and early 2026/27. The EIA reported that ethanol production fell 4.8 percent for the week ending 10 July...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.