Egypt reports that it has purchased approximately 57,000 MT of local wheat in the first 10 days of buying against a target of 4 MMT by 31 July 2016. However, wheat farmers are complaining that the government is refusing to buy some stocks due to one particular issue. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Algeria reports that its grain imports for the first quarter are down 8.5 percent from last year, mainly in corn and barley, although wheat showed a small increase. Corn imports totaled 906,400 MT (1.15 MMT in 2015) with barley at 182,600 MT (286,100 MT in 2015), soft wheat at 1.6 MMT (1.55 MMT in 2015) and durum wheat at 510,800 MT (509,100 MT in 2015). From a value perspective, the total cost of grain imports dropped 25.7...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.