Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt grain importers, according to the USDA, have booked 71,000 MT of U.S. corn. This will be the first sale of U.S. corn to Egypt in quite a few months. Egypt and Israel are the destinations for the first Ukraine wheat shipment from the temporary grain corridor set up by Ukraine from Odesa. A total of 20,000 MT of wheat was reportedly shipped. Egypt’s Ministry of Supply reported purchases of 3.8 MMT of local wheat against the original target of 4 MMT. It also reports that Egypt’s wheat supply stands at five months consumption. SOUTHERN/EASTERN/WESTERN AFRICA Morocco is holding the 2023 Grain & Milling Expo in Casablanca 4-5 Octobe...
What You Need to Know Today: Iran says its definition of the Strait of Hormuz is now a “vast operation area” that stretches from Jask to Siri Island. The White House said President Trump did not sign a suspension of the TRQs on beef imports but is “finalizing potential...
If the media headlines and Trump critics are to be believed, President Trump is headed to Beijing this Thursday in a weakened position. China is in control, it has the upper hand, and expectations are very low. These are the same critics that argue against overly simplistic zero-sum analyses in...
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.