Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Iran reports that its cereals imports for 2022/23 will drop by 25 percent due to a nearly 5 MMT increase in local cereals production. Wheat production is expected to increase by 4 MMT to 130 MMT with wheat imports dropping from close to 8 MMT to about 3.4 MMT. Corn imports are expected to be unchanged at about 9 MMT. Local corn production is also steady at 1.3 MMT. Egypt reports that its first shipment of 55,000 MT of Indian wheat has arrived and passed all quality requirements for importation. This is reportedly the first ever shipment of Indian wheat to Egypt. Egypt’s purchase of local wheat has reached 3.9 MMT which is already 300,000 MT higher th...
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
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.