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: 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
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.