Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Jordan reports wheat stocks on hand of 1.35 MMT – enough, they say, to cover all requirements for 17 months. Annual consumption of wheat in Jordan is about 880,000 MT but Jordan only produces about 25,000 MT of wheat per year. Iran reports that 6 million hectares of land will be planted with wheat in 2020/21 with an expected yield of at least 14 MMT of wheat. According to the Agricultural ministry 202/21 will be the fifth year in a row that Iran is self-sufficient in wheat. Iran’s animal feed imports industry has dropped by 70 percent in the past year as importers dropped from 403 companies to 111. A serious lack of foreign currency has limited imports. There are...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
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.