Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Egypt’s GASC has announced that future wheat tenders will be paid by letters of credit on sight terms. Financial support from the Islamic Trade Finance Corporation has made the new payment terms possible, and this is expected to lower the price of wheat. One trader was quoted as saying that wheat tender prices could be reduced by as much as $6/MT. Egyptian corn buyers have reportedly switched a good share of their business from the Black Sea to Brazil with four or five Panamax vessels said to be on the way from the latter. This has more to do with availability than price since both Ukraine and Argentina are not able to meet Egypt’s monthly demand for about 700,000-800,000 MT...
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...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.