USDA FAS published a report this week on the Egyptian program of land reclamation. The report points out that if the planned 630,000 hectares of desert are reclaimed and used for wheat or corn crops, production could probably increase substantially. However, there are two problems with the program. Regional Updates Middle East/Mediterranean Comments The FAO forecasts Bangladesh’s 2016 corn and wheat crops to be at about the same high levels as last year. This is expected to result in about a 20 percent drop in its grain imports with large decreases projected in those of wheat and rice.Egypt’s local wheat purchase program has reached 4.46 MMT against a total now expected to be close to 5 MMT. The government has said that it will continue...
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...
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Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.