Regional News Iran’s grain supply association stated it expects to import 8 MMT of wheat this year due to supply shortages in the country. Much of the wheat is expected to come from the Black Sea region and will represent a huge increase over the 1 MMT of imports last year. Ukraine’s grain exports total 16.5 MMT so far in MY 2021/22, up from 14.8 MMT this time last year. To date, Ukraine has exported 10.7 MMT of wheat, 4 MMT of barley, and 1.5 MMT of corn. Egypt’s supply ministry said the country has enough wheat on-hand to meet five months of its domestic needs. That is likely to turn Egypt into a more patient, opportunistic buyer. Milling Wheat Global wheat prices continue to rise after the U...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
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.