Grain experts in South Africa are saying that the very large increase in the maize crop there and drop in maize prices could push farmers into a money-losing crop year because of a specific action they did not take. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Turkey reportedly bought an estimated 400,000-500,000 MT of wheat for April/May shipment from the EU and Black Sea countries as replacement for the stocks it will not be importing from Russia. The EU wheat is said to be from Hungary, Latvia and Lithuania, countries that are on Turkey’s duty-free list from which Russia was recently removed.The latest USDA-GAIN report on Turkey shows how important Russia is to its grain supply with over 70 percent of its wheat imports totaling...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
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.