Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS The Syrian government expects that it will only be able to purchase about 1 MMT of local wheat in 2018. Due to difficulties there, production has dropped from 4 MMT per year to less than 1.8 MMT, and the government needs at least 1.5 MMT to cover its wheat flour needs for wheat flour for subsidized bread. In the recent past, Syria had announced a three-year agreement was in the works with Russia for the supply of 3 MMT, but little information has been released regarding this arrangement. Dubai-based AOS Trading has allegedly been unable to deliver 120,000 MT of wheat (in two lots) to Egypt’s GASC, which says it had provided the firm with timing extensions and still did not receive...
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.