Egypt's problem with ergot has always been with the standard for wheat, which has been revised higher. However, the acceptable level has remained at 0.0 percent for corn, and now the country has rejected a 60,000 MT shipment because of its presence. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS The big news this week is probably the Egyptian rejection of 60,000 MT of Ukrainian corn due to the ergot levels. In the past, the problem had always been about the ergot standard for wheat, which had been revised higher. However, the level for corn remained at 0.0 percent. Ergot is not as common in corn as in wheat, but it seems that the Egyptian authorities found some. It is reported that the shipment is being re-exported to Spain.Egypt al...
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
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.