The latest USDA/FAS report is projecting Turkey’s 2017/18 soybean imports will be up by about 400,000 MT over 2016/17 forecasts of 2.45 MMT. Domestic production is minimal with a maximum 100,000 MT harvested, but both soybeans and soymeal are benefiting from the expansion of one particular industry there. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Egypt’s ergot problems have resurfaced due to a court ruling on the new food inspection system. However, GASC has said that the current ergot allowance level will continue to be followed. Most in the grain trade believe that there has been an overreaction and that the court ruling is actually “procedural and administrative” with no effect at all on import specifications. It is said to...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.