There has been quite a bit of comment that the new design of the Saudi Grains Organization (SGO) could greatly benefit foreign investors in Saudi Arabia’s flour milling and animal feed production industries for two reasons. Regional Updates Due to the many regional and international holidays in the past week, there is much less grain news and activity. However, the usual level of reporting will return next week. MIDDLE EAST/MEDITERRANEAN COMMENTS The Central Bank of Egypt has approved a proposal that companies with foreign currency debts now be allowed to pay that debt over one to three years rather than immediately (as had been the requirement). This change is being implemented in order to prevent the high level of corporate bankruptci...
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.