Wheat Concern is rising for the Argentina wheat market after Brazil, the primary buyer of Argentine wheat, announced a tariff-free import quota of 750,000 MT of wheat from non-MERCOSUR origins. At the same time, the RECP free trade agreement might give Australia an advantage selling wheat to destinations in Southeast Asia, such as Indonesia, Malaysia, and Vietnam. Indonesia is an import market for Argentine wheat exporters. They started buying in 2016 and have increased purchase volumes every year since, rising to 2.5 MMT in 2020 (about 22 percent of Argentina’s total wheat exports). They became the second largest buyer of Argentine wheat, second only to Brazil. Its an interesting destination for Argentine exporters because th...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.