Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Egypt has seen very unseasonal rains recently and there is concern that the local wheat crop may be damaged due to flooding in many areas. The complaints and worries about rain are not country wide as some agricultural products, like alfalfa, garlic and olives benefited from higher rainfall. Iran reports that the country’s largest import in the first nine months of the 2019/20 Iranian year has been 5.92 MMT of corn, valued at about $1.48 billion. Pharmaceuticals and medical equipment were second on the import list. Also in Iran, according to the FAO, wheat production is expected to increase from the current level of about 13.6 MMT to 15.4 MMT over the next 10 years. Pa...
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.