Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA The seventh cargo of wheat from India to Afghanistan has arrived in Iran’s Chabahar port for onward transport to Afghanistan – 8,800 MT were received in 352 containers. To date about 43,000 MT of the 75,000 MT of wheat donated by India have received through the port. Indian has also said that shipments of goods for CIS countries will be sent through Chabahar port --- up to now shipments from India to CIS destinations have had to travel via China. It is reportedly about 20 percent lower in transport costs using Chabahar port. The Government of Kuwait has said, through their Ambassador in Lebanon, that it will rebuild the wheat port silo in Beirut Port. The port silo...
What You Need to Know Today: Agricultural commodities were mostly lower on the day, with red-hot soyoil a notable exception. Export sales were a bit underwhelming, particularly for corn with export sales down 52 percent week-over-week. The weakness in ag markets tracked crude oil weakness wit...
With the war in Iran affecting fuel and fertilizer prices, higher tariffs, weak commodity prices, ag labor constraints, and other factors, farm bankruptcies are now at a 6-year high, a signal of growing stress. During the month of April, 62 Chapter 12 bankruptcies were filed, which is a 1...
WPI recently completed an expansion of our methodology for estimating and forecasting U.S. and global soybean crushing margins. The new approach incorporates the energy market’s expanding influence on the oilseed sector and the structural changes in global biofuel demand. This report is i...
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.