Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Egypt has announced that the local wheat purchase price will be released in March, approximately one month before the harvest starts. There were previous comments that it would be tied to world prices, but this was not confirmed in the announcement. A research group in Egypt is said to have designed a truck for local production that can safely transport wheat with little or no spillage. According to one report, more than 15 percent of the country’s wheat is lost during transport due to open/overloaded trucks, poor packaging or bagging, and too many bumpy roads. The new trucks, which also allegedly have a system that can separate impurities from the wheat during loading, are expect...
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.