Thanks Riz,
I can proceed the way you suggested, but what kept me from doing that is as follows.
1) Design seismic shear force is usually assumed to concentrate at the centre of mass. With this assumption base shear and overturning moments are basically known.
2) But the distribution of this shear force and moments along the height of the wall is not anywhere clearly defined. For tanks of normal height this wont probably matter, but for taller tanks, should I not make any seismic considerations for levels above centre of mass?
3) API 650 which covers similar tanks containing fluids has relatively more rigorous analysis for wall forces due to seismic forces and I assumed there could be similar considerations for tanks storing grain.
If you have any comment about those points, please do comment. Currently I am doing exactly what you recommended.