Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Egypt’s Ministry of Agriculture is making efforts to reduce the planting of major water-consuming crops such as wheat and rice by having farmers switch to other crops like quinoa, which is said to only need one tenth the amount needed by rice. It will not be easy to convince them to do so unless there is a market for their production as there is for wheat and rice. Egypt reports that local wheat purchases have now topped 1.8 MMT against the target of 4 MMT. It also says that excluding those stocks, the current wheat supply will be sufficient to cover consumption for four months. Iraqi officials report that local wheat purchases exceed 300,000 MT with the total projected to reach...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.