Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS The latest USDA-FAS report on Turkey says that very dry weather could reduce the wheat and barley production in the country. Wheat production could be as much as 3.0 MMT lower to 17.8 MMT with barley production down by 600,000 MT to 7.9 MMT --- corn production is expected to be at the originally forecasted level of about 5.5 MMT. Actual wheat consumption in Turkey will not drop as a result of the lower crop. The production shortfall will come out of a good level of stocks on hand at end of 2018/19. For 2019/20, Turkey is expected to import about 7 MMT of wheat while exporting almost 6.8 MMT of wheat products – mainly wheat flour. Turkey’s wheat flour exports are b...
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.