News Updates EGYPT COMMENTS In order to control the fuel shortage problems in the country and attack the expensive fuel subsidy programs, the Egyptian government announced that it would implement monthly limits of subsidized fuel for both vehicles and home use. While the published details are quite specific on what the effect will be on individuals, there is little information about how this will affect the availability of fuel supplies for commercial vehicles. Due to the lack of information, commercial trucking companies are very concerned that they may see a complete end to any fuel subsidies. The government did not specify when it would introduce the new fuel program.Workers at the Egyptian port of Ain Sukhna are on strike again, conti...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.