Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS This past week has been the post-Ramadan Eid al Fitr period of religious holidays in the Middle East and North Africa (MENA), and all Muslim businesses were closed either for a number of days or the entire time. As a result, the amount of grain business and news in the region has dropped to just a trickle or less. All are now returning to work, so there will be more exciting grain information from the region in next week’s report. Of great interest to MENA wheat importers is Ukraine's new wheat classes (see table below) that have been reduced from six to four. However, there are some concerns expressed by the trade that it may take some time for that country’s entire grain s...
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.