Regional News Morocco is rumored to be suspending its import duty on soft wheat starting 1 November to ensure sufficient domestic supply and maintain low consumer prices. Morocco currently applies a 135 percent import tariff to protect its domestic producers, though traders say domestic production cannot satisfy the country’s use. The Moroccan government has not yet confirmed the news. Ukraine’s grain exports are up 14 percent YTD at 10.8 MMT, which includes 6.2 MMT of wheat, 3 MMT of barley, and 1.5 MMT of corn. The country’s 2021/22 total grain export program is forecast at 60.7 MMT, up from 44.7 MMT last year. Milling Wheat World wheat markets are mixed to start the week with eastern Europe and Black Sea...
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.