Silo owners in Egypt are reportedly protesting that the committee tasked with investigating the government's local wheat purchases is totally incompetent. Meanwhile, the East African Community(EAC)/EU trade arrangement signing has been cancelled for reasons that are in dispute. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS It is reported in Egypt that up to 90,000 MT of soybeans in four recent shipments from Argentina and Ukraine have been rejected.Stories concerning the investigation of the government’s local wheat purchases have dominated both the press and trade in Egypt. According to Egypt Daily News, silo owners are protesting that the committee responsible is totally incompetent and that the agency performing some of the rec...
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.