News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS The Bangladesh government intends to import another 850,000 MT of wheat this fiscal year and expects that about 200,000 MT will be from the Ukraine on a government-to-government agreement. Total 2013/14 wheat import forecasts are 3 MMT, with country consumption level at just over 4 MMT. Current stocks held by the government are reported to be at a very low level of about 240,000 MT which is down from close to 850,000 MT earlier in 2013.FAO has indicated that 2013 Iranian wheat imports will be down by as much as 67 percent because of the very high stock level resulting from extensive 2012 imports and the good domestic production this current year. Imports could be as low as 2 MMT, whi...
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.