Turkey has announced a new $4 billion agricultural subsidy program that will cover 19 strategic crops. However, production of one in particular is nevertheless expected to drop because of a certain factor, and USDA is forecasting that the country may have to import stocks in 2017 as a result. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Iran is reportedly able to export about 400,000 MT of durum wheat in coming months and is said to have been working on an export barter arrangement for up to 200,000 MT as well as 250,000 MT of milling wheat.The head of the Central Bank of Egypt (CBE) has said that the bank will take no action to support the Egyptian pound. Local bankers had expected that the CBE would inject about $4 billion into...
What You Need to Know Today: Grain futures fell hard overnight after the USDA’s Crop Conditions report showed better-than-expected ratings for corn and soybeans, despite difficult weather last week. The Conditions report was even more bearish in light of meaningfully beneficial rains acr...
Key Takeaways: New Mexico’s Clean Transportation Fuel Program expands demand for low-carbon fuels and creates another market for renewable feedstocks, adding incremental pressure to already limited supplies of lower-carbon inputs. Growing competition for waste-based feedstocks such as an...
As WPI reported on 17 July, the recently passed budget reconciliation bill in the House Budget Committee includes $12 billion in emergency farm assistance. This would be the seventh of the past nine years with ad hoc farm payments (FY2018, FY2019, FY2020, FY2022, FY2023, FY2024, and potentially...
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.