Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Corn buyers in the Middle East/Africa (MEA) region are said to be benefiting from the low-cost U.S. sorghum offered for sale after being rerouted from China as those cargoes have pushed Black Sea corn prices lower. Saudi Arabia and Spain have been heavy buyers of the afloat sorghum, which means these two countries will be importing less corn for at least the short term. The Italian Agency for Development Cooperation and the government of Egypt are discussing the possibility of building 15 vertical grain silos in that country. Egypt would be responsible for the construction while Italian experts would do the “electromatic” control work. The new silos are expected to improve t...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.