Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA According to recent reports, India will export about 400,000 MT of corn in June and July with some of the exports going to Bangladesh and Sri Lanka and the rest to Asian destinations. For the first time in several years, Indian corn is price competitive in international markets and, due to COVID-19 causing a slow-down in the local poultry industry, India now has corn available for export. India is expected to export 2.6 MMT of corn this year – reportedly the highest level in seven years. Algeria has banned the discharge of a vessel of 33,000 MT of Canadian durum wheat for “not complying with standards agreed”. The problem is said to be insect infestation and...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.