Morocco has decided to leave the soft wheat import tariff at 30 percent until the end of 2016. This resulted from the expected drop in the local wheat crop this year, possibly as much as 65 percent, and the anticipated need for a greater volume of imports. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Egypt’s supply ministry announced that about 400,000 MT of local wheat has now been purchased against its target of approximately 4 MMT.ADM reports that it has finalized its Egyptian joint venture with Medsofts Group, a merchandising and logistics operation called ADM Medsofts. The new company is expected to handle over 2 MMT of grain, oilseeds and other commodities through a well-developed Egyptian distribution network. It will also...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.