World Perspectives
feed-grains wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Iran reports that its local grain purchases now exceed 9.5 MMT, a new record level despite the early expectation of poorer crops due to a lack of rainfall. The wheat crop there is highly dependent on rainfall as very little of it is irrigated. Iran says that it is now fully self-sufficient in wheat and will no longer require imported stocks. The country is an exporter of hard durum wheat and shipped about 300,000 MT last year. Oman’s government announced that it has released about $5 million in wheat subsidies to millers, including about 50 percent of the outstanding amount due from the 2013-15 period. The millers hope that remaining balance will be paid shortly. The higher oil pr...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.3125/bushel, up $0.0375 from yesterday's close.  Mar 26 Wheat closed at $5.525/bushel, up $0.1525 from yesterday's close.  Mar 26 Soybeans closed at $11.3725/bushel, up $0.1325 from yesterday's close.  Mar 26 Soymeal closed at $307.9/short ton, up $4.9 fr...

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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.

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