A Saudi consortium is said to be investing as much as $500 million in the redevelopment of 25,000 acres in one country along with what is said will be the largest poultry farming project in the Middle East and North Africa. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Contrary to the reports of last week, it appears that the 60,000 MT Romanian wheat cargo in Egypt found to contain poppy seeds has not actually been rejected yet. Further, the Egyptian government announced Monday night that a decision on the situation would be made following the Eid al Adha holidays, which means after 4 September.Egypt reports that its wheat reserves stand at just under 4.9 MMT and will be sufficient until 1 March 2018.Eid al Adha celebrations will b...
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.