Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt’s recent massive wheat tender did not generate the 3.8 MMT of buying that GASC had planned. Reports say that the long delivery period – to April 2025 – coupled with the requirement for 270 day payment terms added too much risk to the business for most suppliers. Egypt is reportedly talking directly to shippers regarding long term supplies of wheat in light of its failed 3.8 MMT wheat tender. Reports say that up to 1.8 MMT of wheat could be purchased this way. If purchases are agreed to, it is expected that most of the wheat would be Russian origin. Egypt’s government purchase of local wheat has reportedly reached 3.6 MMT...
What dairy breakeven looks like with and without the beef-on-dairy boom To put a dollar value on that question, this analysis removes the calf check from the USDA ledger and examines how many of the last five years would have reached breakeven without it. Key Takeaways: Milk and other income a...
The US election is over, but the market’s debate is just beginning. A shift in Washington’s balance of power is changing policy expectations, while developments involving Iran and an early decline in the dollar are adding to the uncertainty. Now traders must decide how much of that...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.