News Updates MEDITERRANEAN AND MIDDLE EAST COMMENTS The Pakistani government is very seriously considering the possibility of reducing the 6 percent import tax on wheat. Expectations are that about 500,000 MT of wheat will have to be imported in the next three months to cover the crop shortfall, and local experts indicate that there seems to be a good chance that the import tax could be lifted for at least three months. It is expected that up to 1 MMT of wheat will be imported, but the immediate need is for 500,000 MT. Critics in Pakistan are claiming that some of the shortfall is being caused by regional governments holding wheat stocks in case they are needed to avoid any shortage, rather than releasing them to the market.The 20...
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.