Egypt reports that current wheat supplies are sufficient until July 2016 and that it is planning to purchase 4-4.5 MMT of local stocks during the April-July harvest. Meanwhile, the ergot situation remains unresolved as the government and the FAO analyze/review standards. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS The ergot situation in Egypt is no clearer this week than last. The agriculture ministry continues to maintain that levels of up to 0.05 percent in wheat will be accepted at the present time while the Egyptian government and the Food and Agriculture Organization (FAO) of the United Nations analyze/review ergot standards. As usual, however, the ag quarantine authorities are still insisting that the standard is mand...
What You Need to Know Today: Grain futures fell hard overnight after the USDA’s Crop Conditions report showed better-than-expected ratings for corn and soybeans, despite difficult weather last week. The Conditions report was even more bearish in light of meaningfully beneficial rains acr...
Key Takeaways: New Mexico’s Clean Transportation Fuel Program expands demand for low-carbon fuels and creates another market for renewable feedstocks, adding incremental pressure to already limited supplies of lower-carbon inputs. Growing competition for waste-based feedstocks such as an...
As WPI reported on 17 July, the recently passed budget reconciliation bill in the House Budget Committee includes $12 billion in emergency farm assistance. This would be the seventh of the past nine years with ad hoc farm payments (FY2018, FY2019, FY2020, FY2022, FY2023, FY2024, and potentially...
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.