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: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.