Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Egypt is talking to France about 35 million Euros for the funding of small and medium agriculture organizations. The discussions were announced by the French ambassador in a speech last week. It is expected that much of the funding could go to the livestock and dairy industries where the Egyptian government has long-term development plans. Egypt is expected to see participation in wheat tenders from Serbia. Serbia has not participated in Egypt wheat business in close to 40 years but has been approved by GASC. Serbia forecasts to have about 1.0 million m/t of wheat available for export this year and has made North Africa a target for exports. Serbia’s wheat production is fore...
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 Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.