Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA COMMENTS Iran remains the largest regional buyer of Indian soymeal (soybean extract). A total of 130,000 MT was shipped to MENA in the April/December 2019 crop period with just over 87,000 MT going to Iran. However, Iran’s imports are down by 74 percent from 2018 level of 224,600 MT with the regional total down by 60 percent -- from 347,600 MT to 140,000 MT (includes rapeseed meal). Industry sources say that Indian exports are unable to compete on price with South American prices. Total soymeal exports to all countries are down by 46 percent from 924,000 MT to 503,000 MT. Lebanon is looking to secure as much as $5 billion in financing to enable it to buy wheat, fuel and medici...
What You Need to Know Today: Agricultural commodities were mostly lower on the day, with red-hot soyoil a notable exception. Export sales were a bit underwhelming, particularly for corn with export sales down 52 percent week-over-week. The weakness in ag markets tracked crude oil weakness wit...
With the war in Iran affecting fuel and fertilizer prices, higher tariffs, weak commodity prices, ag labor constraints, and other factors, farm bankruptcies are now at a 6-year high, a signal of growing stress. During the month of April, 62 Chapter 12 bankruptcies were filed, which is a 1...
WPI recently completed an expansion of our methodology for estimating and forecasting U.S. and global soybean crushing margins. The new approach incorporates the energy market’s expanding influence on the oilseed sector and the structural changes in global biofuel demand. This report is i...
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.