Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Saudi Arabia’s National Grain Co intends to build a new grain terminal in Yanbu port with a capacity of 96,000 MT of silo storage and 60,000 MT of flat storage. The terminal is to have 800 MT per hour discharge and will be able to handle up to 3 MMT of grain per year. This is to be the first dedicated grain terminal in Yanbu port. Israel says it will give discharge priority to grain vessels due to concerns about possible shortages of supply. Priority will be temporary with the current program lasting until 24 April. Both Ukraine and Russia have been important grain suppliers to Israel. Egypt says it has been assured by the Russian minister...
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.