News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Following comments made in Saudi Arabia over the past few weeks, the organization responsible for Saudi Arabian foreign agricultural investments has stated that it has identified a list of 35 favored countries. Saudi Arabia hopes to become self-sufficient in food as a result of future investments in those countries and also plans for them to benefit as well. There have been no details as to which 35 countries are targeted.Egypt purchased 60,000 MT of Romanian wheat last week but had to pay more than the earlier tendered offers that it had cancelled due to high prices. It is all just a matter of timing for the buyers. Prices are up some weeks, while down for others. The CNF price for...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
Let’s return briefly to the fake meat hype cycle, now sitting somewhere in a dusty corner of your mind, not entirely forgotten. What happened to all those products, known as plant-based alternative proteins? They were supposed to be as good as real meat—cheaper, more environmentally...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.