News Updates MEDITERRANEAN AND MIDDLE EAST COMMENTS The Iraqi Ministry of Trade has announced that the current wheat stocks on hand are sufficient to meet the country's needs for the next six months. It was indicated that there will be no shortages and a reduced need for imported grains with the local crop of wheat and barley reaching 3.8 MMT this year.Independent estimates of Iraq's 2013 grain production are actually higher than the government's projections with wheat and barley reaching 4.2 MMT. Wheat production is expected to increase from 2.1 MMT to 3.3 MMT while barley should jump from 500,000 MT to about 900,000 MT. Corn production is expected to remain about the same at 250,000 MT per year. Wheat imports are still expected...
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
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.