Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Algeria’s change in wheat specifications for bug damage should allow Black Sea exporters to apply to be certified suppliers to Algeria. The change in bug damage – up from 0.1 percent to 0.5 percent only affects 12.5 percent protein wheat – 11 percent protein wheat bug damage remains at 0.1 percent. Also, from Algeria is word that Russian grain exporters will be allowed to apply to become certified suppliers to Algeria. Interested exporters need to supply the correct documents by 31 October to be considered for the approved companies list as of 1 December 2020. Russian and Black Sea countries had been hoping too become grain suppliers to Algeria for seve...
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
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.