Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Bangladesh reports that the lowest offer under its 50,000 MT wheat tender is $409.77 MT CNF Liner Out with the other three offers ranging from $431.83 to 441.00. No purchase has been finalized yet. Iran is expected to leave the subsidy on imported wheat in place until March 2022. The subsidy is made available through the use of the set government exchange rate of 42,000 rials to the U.S. dollar. Iran reports that it has imported 4 MMT of wheat since the start of its new year in April 2021 and has purchased 4.5 MMT from farmers. Reports say that Iran has also imported 5.5 MMT of maize and 2.2 MMT of barley. Iraq’s Ministry of Agriculture said the drought in Iraq has cost...
After spending much of the year searching for a reason to stay, the bulls suddenly have several. Grain markets have strengthened, wheat is leading the charge, outside markets are becoming more supportive, and geopolitical and weather risks are once again demanding attention. Does that mean the...
Key Takeaways: Cover crops are gaining adoption as farmers seek to improve soil health, reduce erosion, and build more resilient cropping systems. While cover crops do not provide immediate revenue, their long-term benefits include improved nutrient retention, water management, and soil produc...
The latest EIA data showed some interesting anomalies in the ethanol industry, changes that will have a material impact on the industry’s profits and corn consumption for 2025/26 and early 2026/27. The EIA reported that ethanol production fell 4.8 percent for the week ending 10 July...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.