NEWS UPDATES MEDITERRANEAN/MIDDLE EAST COMMENTS Iraq is considering the possibility of importing French wheat in the regular wheat tenders. It normally buys harder wheat than France produces but they are interested in looking at all possible wheat supply alternatives. Iraq imports about 3 MMT of wheat per year and is an attractive market for all wheat exporters. According to France Export Cereals, there should be no problem blending French soft wheat with other harder imported wheat. Iraq primarily uses imported wheat in bread production and it will be difficult for France to provide wheat that is of bread-making quality. Lower protein and gluten levels tend to keep French wheat out of the bread market. However, there certainly co...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.