Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Turkey has been asked by the Ukraine to seize a vessel from Russia with 7,000 MT of Ukraine wheat that is going to a Turkish port. Reports are the vessel has been “detained” by Turkish authorities. The vessel was loaded and sailed from an invaded Ukraine port. Turkey reportedly said it can/will re-export grains from Russia and Ukraine to “countries in need”. It has added that 20 Turkish vessels are available to take part in any grain program. Turkey has had discussions with both Russia and Ukraine Turkey has seen the highest food inflation in years with prices up by 92 percent on average over the past 12 months. The Turkish agricult...
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.