Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Lebanon officially rejected the first shipment of 26,000 MT of corn from the Ukraine on the M/V Razoni and further reports advise that the vessel will now discharge in Syria after a stop in Turkey. Ukraine will not ship grain to Syria due to Syria’s recognition of Luhansk and Donetsk, in the Ukraine, as independent. Saudi Arabia’s imports of animal feed barley are forecast by USDA-FAS in Riyadh to increase in 2022/23 by more than 1 MMT to 5 MMT. However, barley imports are still expected to be down by about 2 MMT compared to 2020/21. Much of the drop in barley imports has been due to high barley prices and the more competitive prices of processe...
Key Market Insights July is here, and the grain markets already feel like they are shifting gears. With the June USDA reports now behind us, inflation is back in the conversation, and traders are once again turning their attention to three familiar summer drivers: demand, money flow, and weathe...
Key Takeaways: Poultry is the fastest-growing major animal protein, supported by lower production costs, affordability, and broad consumer appeal. Broilers are the most feed-efficient major livestock species, giving chicken a lasting cost advantage over beef and pork. Short production cycles a...
What You Need To Know Today: Ethanol margins continue to run well above year-ago and normal seasonal values, but have slipped in recent weeks on weaker DDGS and ethanol pricing. WPI’s models project a steady decrease in returns to ethanol production following the end of the summer...
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.