Regional Update MIDDLE EAST/MEDITERRANEAN COMMENTS Officials in Iran say that wheat crops in some areas are up 30 percent. Production is expected to total about 14 MMT in 2019, which will enable the country to remain self-sufficient into 2020. As recently as 2014, it had to import up to 35 percent of its wheat consumption. The government has purchased about 1.2 MMT from farmers so far in the crop year. Iran says that some of the wheat crop improvement is attributable to use of the Participatory Varietal Selection system that matches seed stock with growing condition. Iraq reports harvesting about 500,000 MT of wheat in the first three weeks of the 2019 harvest against a target of 5 MMT. Meanwhile, news reports there say that local ISIS m...
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
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.