Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Algeria is expected to receive a shipment of 28,000 MT of Russian wheat – the first in at least four years. Bangladesh reportedly signed a government-to-government arrangement with Russia for the supply of 200,000 MT of wheat. It also announced that a further 300,000 MT of wheat will be bought under an international tender. The Russian arrangement and the wheat tender now have to be approved by the Bangladesh Cabinet Committee on Public Purchase before becoming valid. The Bank of Punjab in Pakistan is now issuing electronic warehouse receipts for maize stored at approved facilities. The warehouse receipts can be used for financing further maize crops and as security for...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
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.