Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS It is reported in Egypt that 45,000 MT of Russian wheat were seized from local storage due to infestation. The wheat had entered the country several months ago and was stored near Alexandria on the Mediterranean. It is said to be for private sector use and not part of any GASC tender. ADM and Cargill have formed a new joint venture in Egypt, SoyVen, which will own and operate the soybean crushing facility of National Vegetable Oil Company (NVOC). The facility is located in Borg El Arab, Egypt and has capacity to crush 6,000 MT of soybeans per day. SoyVen will be a 50/50 venture for the two companies, and their other operations will not be part of it. Nebulon Ukraine advises that it wil...
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...
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Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.