Kenya’s National Biosafety Authority (NBA) has announced that field trials for GM maize and cotton will start in October 2017, which is contrary to the efforts of one government ministry. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS A new finance program with Saudi Arabia will allow the Sudan to finance its grain imports, mainly wheat, over a period of ten years. Press reports indicate the grain purchases will be made through Saudi Arabian principals.Saudi Arabia has announced that the Saudi Grains Organization will build a new grain silo in Yanbu, located on the Red Sea about 350 km north of Jeddah and the closest port to the city of Medina (population 1.3 million). The size of the new silos was not announced, but contracts are e...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.