The price of wheat went limit-up yet again today, which is problematic for poor countries importing the food stuff. It is particularly painful for Egypt since it is the largest wheat importer in the world, and the poorest at that level of importation. The cost of wheat is now 35 percent greater today than it was a year ago. At 13 MMT, Egypt imports 62 percent of its annual wheat requirements. Indonesia is second largest, importing 11 MMT. Indonesia is about 9 percent richer than Egypt on a per capita basis, but unlike Egypt, it is 100 percent dependent on wheat imports. ...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
Key Takeaways: The Panama Canal’s draft restrictions and decreasing rainfall outlook are driving big moves in dry bulk markets this week. Panamax markets are sharply lower as the economics of moving freight across the Canal are deteriorating rapidly, leading to support in Supramax vessels...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.