Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Egypt intends to have a commodity exchange in place for the first half of 2021. The exchange will trade wheat, vegetable oils, rice, and sugar. Invested capital will be close to $6 million. Delivery points will be set at specific government approved warehouses and all available commodities will be able to be accessed through an electronic trading platform. Long-term the exchange is expected to expand the number of commodities and to also set up trading in commodity options. According to the latest USDA-FAS report on Egypt, wheat production will increase slightly in 2020/21 to 8.9 MMT with wheat imports steady at just under 13 MMT. Egypt’s corn production will also be steady at...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.